Write a note on self helping groups.
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Self help group consist of certain members who pool their savings and constitute a fund which is further used in making finance and advances to oter memeber. the advantages of this group is:
they help borrowers overcome the problem of lack of collateral.
they can get timely loans for variety of purposes and at reasonable interest rate.
they are building blocks of the organisation of the rural poor.
it helps women to become self reliant .
the regular meeting of the group provide a platform to discuss and act on various social issues such as health, nutrition, doestic violence, etc
they help borrowers overcome the problem of lack of collateral.
they can get timely loans for variety of purposes and at reasonable interest rate.
they are building blocks of the organisation of the rural poor.
it helps women to become self reliant .
the regular meeting of the group provide a platform to discuss and act on various social issues such as health, nutrition, doestic violence, etc
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Answer:
SHG is nothing but a group of people who are on daily wages, they form a group and from that group one person collects the money and gives the money to the person who is in need. Members also make small regular savings contributions over a few months until there is enough money in the group to begin lending.
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