write a note on self help groups ? what is the basic idea behind the self help groups for the poor?
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best answer will be marked as brainlist
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SPAM WILL BE REPORTED
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EYA!!!!
-----------SELF HELP GROUPS --------
Self Help group is a group of women which helps each and every woman in the self help group.
TERMS AND CONDITIONS OF SHGs :
☆ This group takes loan from the Bank legally.
☆ That money is distributed among the women who are in need of money.
☆ That money was recollected as instalment or weekly wise from the women in the group.
☆ This process continues every year.
ADVANTAGES OF SHGs:
☆ This groups help the poor who are in need of money.
☆ The poor can get the money in time and the interest is too less.
☆ Those people can easily get money without consulting any money lender.
In This way the Self Help Groups help the poor to get money..
HOPE THIS HELPS..
Answer:
SHG is a mutual help group.
They come together to solve their economic issues and earn income.
SHGs provide loans to group members without collateral and at cheaper rates of interest.
Economic empowerment of women.
Explanation: