Question

what is the importance of self help group ​

Answer 1

A SHG is an informal association to enhance the member's financial security as primary focus and other common interest of members such as area development, awareness, motivation, leadership, training and associating in other social inter-mediation programmes for the benefit of the entire community.

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Answer 2

Answer:

Introduction. Self-help groups are informal groups of people who come together to address their common problems. While self-help might imply a focus on the individual, one important characteristic of self-help groups is the idea of mutual support – people helping each other.

Answer. 1 ) SHG'S helps the borrower to overcome the problem of lack of collateral . 2 ) They can get timely loans for a variety of purposes and at a reasonable rate . 3 ) SHG'S are building blocks of organisation of the rural poor