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Explain the role of micro credit …

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Explain the role of micro credit in meeting credit requirements of the poor
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Gaurav Seth 6 years, 3 months ago

SHGs (Self-Help Groups) and micro credit programmes promote thrift in small proportions by a minimum contribution from each member. From the pooled money, credit needs are fulfilled. The member have to repay the credit in small instalments at low rate of interest. The borrowings are mainly for consumption purposes.

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