what is the basic objective of self help group? how do they work. describe any four advantages of SHG.
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(ii) SHG helps in getting timely loans for a variety of purposes and at a reasonable interest rate. (iii) SHG builds blocks of organisation of the rural poor. (iv) They help women to become financially self-reliant.
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self help group is a group of people of 10 to 20 member and add money every month or week if any person needs the money the person takes credit from self help group and return in on time.
- it helps the people through credit.
- it takes very less interest.
- it doesn't contain informal sector.
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