Question

what is the importance of self help group

Answer 1

SHG are the group created by needy persons especially women to fulfill credit and loan needs
Members can take small loans from the group
The group charges interest on the group but less than what money lenders charge
They get timely loans
If the groups are regular in savings it becomes eligible for availing loans from the bank
HOPE IT HELPS

Answer 2

SHGs are self help groups mainly in rural areas . A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–20 local women or men. People meet regularly and save between Rs 20-100 depending upon the capability of person.

FUNTIONS:

★Encourage the habbit of saving

★ Enhances the confidence of women

★ Eradication of poverty

★ Self sufficiency
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Hope this has solved your query!