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Class 10
Social Science - Understanding Economic Development
Money and Credit
what is the basic idea behind the shgs for the poo...

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

Answer:

The basic idea behind the SHGs for the poor is to provide a financial resources for them by organize rural poor, in particular women into small self hero groups (SHGs) and pool (collect) their savings. These group also provide loan to their members at low interest rate. Thus the main objectives of the SHGs is to increase small scale employment opportunities for the rural people. These groups not only help women to become financially self-reliant, the regular meetings of the group provide a platform to discuss act on a variety of social issues such as health, nutrition , domestic violence , etc.

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

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