Question

Write a note of Self Help Group. (3 mark)
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Answer 1

Hello Brainly Mate!

Answer: ☃⚡

1. A typical SHG can have 15-20 members generally belonging to the same village.
2. The main motive of SHG's is to pool the savings of the poor people. Saving varies from  Rs 25 to Rs 100 depending on the economic condition.
3. The SHG's provide loans to their members at a reasonable rate.
4. After a year or 2. If the group is regular in savings it becomes eligible for bank loans.
5. Any case of non-repayment of loans by any one member is followed up seriously by  other members in the group and because of this feature the commercial banks don't  hesitate to give loans to these groups.
6. This group helps the borrowers to overcome the problem of lack of collateral.
7. This groups are being organized by women and this helps them to become financially  self-reliant.
8. This group provides a platform to discuss variety of social issues lite health  domestic violence, etc.

Hope it will help uh!!❤

Answer 2

Self Help Group

Self help groups ( SHGs ) are informal associations of people who choose to come together to find ways to improve thier living conditions . it can be defined as self governed . peer controlled information group of people with similar socioeconomic background and having a desire to collectively perform common purpose .

☆ FUNCTIONS :-

• Build the functional capacity

• provides collateral free loan

• works as a collective guarantee system

• dilivery of microfinance services to the poor .

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