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Self help group support has brought …

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Self help group support has brought about a revolutionary change in the rural sector. Which value according to you is it able to support?

Posted by Shahid Sayed 7 years, 7 months ago

CBSE > Class 10 > Social Science

1 answers

Mahek Trivedi 4 years, 5 months ago

*The idea of Self Help Groups is to organise rural poor(women) into small SHGs and pool their savings. *The amount of money collected depends on the person's ability to save. This fund(the savings) is then used to raise loans. Members can take small loans to meet their needs. *The rate of interest is much lower than that provided by moneylenders and traders. Thus, the loans are reasonable and the possibility of debt trap is decreased. *The SHGs can take loans from banks without collateral as the bank is assured of repayment from within the group. *It also provides the members a platform to discuss social issues such as health, nutrition, etc.

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