Question

write five benefits of self help group SGH​

Answer 1

Answer:

(1) Absence of collateral is one of the main reason which prevents the poor from getting bank loans. Whereas there is no need for collateral or difficult paper work to take loans from SHGs.

(2)SHGs have lower interest rate than that of money lenders or traders. They can get timely loans for a variety of purposes.

(3)It creates employment opportunities for the members who are rural poor, particularly women.

(4)It encourages regular savings of the rural poor.

(5)SHGs help rural women not only to become financially self-reliant but also,the regular meetings of the group provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence,etc.