Question

Write a short note on Self - Help Groups (SHGs).

Class 10​

Answer 1

Answer:

here is ur answer about SHG

Answer 2

• A typical SHG can have 15-20 members generally belonging to the same village.

• The main motive of SHG's is to pool the savings of the poor people. Saving varies from  Rs 25to Rs 100 depending on the economic condition.

• The SHG's provide loans to their members at a reasonable rate.

• After a year or 2. If the group is regular in savings it becomes eligible for bank loans.

• 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.

• This group helps the borrowers to overcome the problem of lack of collateral.

• This groups are being organized by women and this helps them to become financially  self-reliant.

• This group provides a platform to discuss variety of social issues lite health  domestic violence, etc.