What is the role of S.H.G. to provide loan facilities? class10.
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Our Self Help Group-Bank Linkage Programme (SBLP) aims to deliverfinancial products & services to the section of Indian population that lacks access to formal banking. This segment, often from the lower income, meets its financial needs through informal sources such as money lenders, traders, family and friends etc.
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SELF HELP GROUP
Definition-
☪ Self Help Group (SHG) is a small and independent group of 10-20 women-men.
☪ They come together and form a small group for solving their common financial problems or for attaining some common goal.
___________________________
IMPORTANCE -
SHGs helps the poors to overcome the borrowings or to pay for the borrowings.
SHGs helps to improve the savings of the small community.
SHGs helps the poor womens to be self independent and empowers them.
It is seen that mostly women's are the participants of this group and women active participation also helps the rural areas women's to develop and their development automatically affects our nation India which means growth/development of our nation.
☪ HISTORY OF SHGs-
SGHs were started and formed in 1975. In India, NABARD initiated in 1986-1987.
☪ Why SHG was formed or why it came in existence?
Answer- The helplessness of poor people (women/men) led to the formation of SHG. The absence of institutional credits available in the rural area has led to the establishment of SHGs.
What is the role of SHGs in providing loan facilities?
Answer- SHGs encourage the committee members by providing them with good savings and encourages them to lend the savings to the needy member at the times when required.
Definition-
☪ Self Help Group (SHG) is a small and independent group of 10-20 women-men.
☪ They come together and form a small group for solving their common financial problems or for attaining some common goal.
___________________________
IMPORTANCE -
SHGs helps the poors to overcome the borrowings or to pay for the borrowings.
SHGs helps to improve the savings of the small community.
SHGs helps the poor womens to be self independent and empowers them.
It is seen that mostly women's are the participants of this group and women active participation also helps the rural areas women's to develop and their development automatically affects our nation India which means growth/development of our nation.
☪ HISTORY OF SHGs-
SGHs were started and formed in 1975. In India, NABARD initiated in 1986-1987.
☪ Why SHG was formed or why it came in existence?
Answer- The helplessness of poor people (women/men) led to the formation of SHG. The absence of institutional credits available in the rural area has led to the establishment of SHGs.
What is the role of SHGs in providing loan facilities?
Answer- SHGs encourage the committee members by providing them with good savings and encourages them to lend the savings to the needy member at the times when required.
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