Question

Why do banks prefer to give loans to self help groups rather than poor individual?​

Answer 1

Answer:

SHGs are the building blocks of organization of the rural poor. Lending loans to such groups help women to become financially self-reliant, to provide working capital need, to buy assets for their business like sewing machines, cattle etc. And so banks are keen on lending more to these SHG's.

Explanation:

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Answer 2

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