Question

What r self help groups and micro credit program??

Answer 1

Heya.....

Self help groups ( SHG 's ) and micro credit programs are an emerging phenomena in the context of rural credit...

SHG promotes thrift as saving habit among rural households , small savings are mobilised by it and offered as credit to its different members ..

Credit is offered without any security and at a moderate rate of interest..

The provision of credit by SHG also known as micro credit program..

Answer 2

$\textbf{SHG}$ or Self Help Groups

A typical SHG has 15-20 members.

They usually belongs to one neighbourhood.

They meet regularly and save regularly, that can be of Rs 25 to 100.

They allow the people to take loans, without asking for any collateral.

They give small loans, at a reasonable rate of interest.

The provison of credit by SHG is known as micro edit program.