Write the advantages and disadvantages of SHG
Answers
Answer:
Disadvantages of self help groups are as follows.
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system fails do (due to inadequate banking system in India)
Facilitates the members to employ themselves in numerous self-employment opportunities.
Help in raising the living standards of the concerned members.
Reduce the dependence on the informal credit sources.
Answer:
The Self-Help Groups are informal associations of people who choose to come together to find ways for the betterment of their living standard. The SHG’s in India help to build social capital among the poor section of society, especially women. The Self Help Group (SHG) is a small voluntary association to form a group. It is informal and homogenous in nature of not more than twenty members. It basically consists of maximum 20 members as any group having more than 20 members has to get registered under Indian legal system. It is informal to avoid bureaucracy, corruption, unnecessary administrative expenditure and profit motive. The SHG is a home grown model for poverty reduction which also works to empower and shape the lives of its…show more content…
Challenges faced by Self-Help Groups in India: