Question

What is the concept of shg important for poor people? Give your view point

Answer 1

The basic idea behind the SHGs is meant to create self – employment opportunities for the poor. The SHGs help poor borrowers to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate.

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Answer 2

Self Help groups are known as ShG.

✔these are mainly created by poorer persons of rural areas as they help them.

✔in this all members deposits there monthly saving to the leader.

✔this will create self employment for the members.

✔if any member need money for domestic work such as renovation of house,buying fertilisers they can take money from it.