Question

What is the idea behind forming the helpgroups Or SHG's. Explain the function of the self help group or the SHG's​

Answer 1

Hey mate ,

Here's your answer :-

1. A typical SHG have 15 to 20 members usually belonging to same village
2. The main motive of SHG is to pool the saving of the poor people
3. Saving per member cannvary from 25 rupee to 100 rupee or more depending on the on the ability of the people , and the strength of the groupThe SHG provide loans to their members at a reasonable time
4. After a year or two , if the group is regular in saving it becomes eligible to bank loans
5. Loan is sanctioned in the name of group with the main motive to create self employment opportunities for the members
6. In the recent years , many commercial and cooperative Banks have provided loans to these SHG is the most of these groups are being organised by the women , to become financially relicent .The regular meeting of the group's provide a platform to discuss social issues such as health , dowry , domestic violence , marriage etc...

Hope this answer helped you out , have a nice day

Answer 2

Answer:

A Self Help Group (SHG) is a small group of 15-20 members belonging to one neighbourhood, who meet and save some money regularly.

Explanation:

• The main motive of SHGs is to collect the savings from the members of the group, so that the savings could be used later by the needful.

• Saving per member can vary from 25 to 100 rupee or more depending on their ability to save
• Members can take small loans from the group itself to meet the requirements. The group charges them some interest on this loan, this interest is less than that of the moneylender charges.
• After a year or two, if the group saves regularly, it becomes eligible of availing loan from the bank. Loan is sanctioned on the name of the SHG and is meant to create self-employment opportunities for the members.
• In the resent years, many commercial and cooperative banks have provided loans to these SHGs. Most of these groups are being organised by the women, to become financially strong. The regular meeting of the group provides a platform to discuss social issues such as health, dowry, domestic violence, marriage, etc.