+3 votes
in Class 10 by kratos

What is the basic idea behind the SHGs for the poor? Explain in your own words.

1 Answer

+5 votes
by kratos
 
Best answer

Self-Help Groups ( SHGs) consist of certain members who pool their savings and constitute a fund which is further used in making finance and advances to other members. The SHGs help borrowers overcome the problem of lack of collateral. They can get timely loans at a reasonable interest rate. They help ***** to become self-reliant.

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