Describe any four advantages of 'Self Help Groups' for the poor.

  • They help the rural women to become self reliant.
  • They provide loans from the bank to the poor without collateral.
  • It helps them to save their money and use, lend or borrow at any time just like the banks.
  • It helps the farmers with their income as it provides loans for fertilizers, seeds etc.

Hope it helped.. :D

  • 103
  • makes women reliable borrowers
  • Helps them to start small workshops and earn a small income
  • provides  stage for disscusing about health and domestic violence
  • helps them to avail loans from the bank without a collateral
  • 20

thanks to both of u.

but i also hav a little doubt.  can u tell me 

  • -5

IT HELPS WOMEN TO BECOME SELF RELIANT

  • 8
  • SHGs can avoid informal credits.
  • Create, encourage savings.
  • Self employment
  • Release mortised lands, pay seeds, fertilizers.
  • Women become financially self-reliant.
  • Solve problems of social issues in meetings like health, nutrition, domestic violence etc.
  • 21

A self-help group (SHG) is a village-based financial intermediary usually composed of 1020 local women or men. A mixed group is generally not preferred. Most self-help groups are located in India, though SHGs can also be found in other countries, especially in South Asia and Southeast Asia.

Important advantages

Members make small regular savings contributions over a few months until there is enough capital in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are 'linked' to banks for the delivery of microcredit.

  • 21
* poor people can avail to cheap credit from the formal sources without having collateral.* peoples and avail timely loans* the interest rate is for lower compare to the informal sources of credit* adults rural woman to become financial self reliant.* the meeting provides a platform for the discussion of the social issues in the village
  • 2
correct
  • -9
Why do banks and cooperative neend to lend more
  • -9
1. It provides loan in absence of collateral. 2. People meet and saves money regularly as per their ability. 3. Members of groups can take small loans from the group to meet their needs and the group charges very low interest on these loans. 4. It helps to create self employment opportunity.
  • 7
describe any 10 advantages of SHG's 
  • -1
What are you looking for?