Question

what is the role of self help group in economic development of india​

Answer 1

• Self help groups are mainly formed to eradicate exploitation, generate confidence for the economic independence of rural people, particularly among women who are mostly imperceptible in society.
• provide mutual support for each other. In a self-help group, the members share a common problem, often a common disease or addiction
• people come together to form a group to overcome their common problems to improve their standard of living. ... This amount acts as the fund for the SHGs and is used to provide loans to its members

Answer 2

Answer:

Functions. It looks to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities. It resolves conflicts through collective leadership and mutual discussion. It provides collateral free loan with terms decided by the group at the market driven rates.

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