Write the idea behind formation of SHG
Answers
Answered by
5
Hey Mate
SHG or Self Help Groups are created by needy people usually belonging to one neighborhood especially women to fulfill their loan or credit needs.
The main idea of the SHG is to provide loans at rates which are lower than that of money lenders. By this people can easily repay the loan and fulfill their financial needs. It also creates employment opportunities for the members. It also helps them to release mortgaged land, for buying working capital, etc.
=>It is a really safe platform where people can discuss social issues. It also raises self-esteem. It also helps people especially women to become financially self reliant.
SHG or Self Help Groups are created by needy people usually belonging to one neighborhood especially women to fulfill their loan or credit needs.
The main idea of the SHG is to provide loans at rates which are lower than that of money lenders. By this people can easily repay the loan and fulfill their financial needs. It also creates employment opportunities for the members. It also helps them to release mortgaged land, for buying working capital, etc.
=>It is a really safe platform where people can discuss social issues. It also raises self-esteem. It also helps people especially women to become financially self reliant.
Similar questions