Question
Discuss the advantages of Self Help Group?
Solution
The advantages of Self Help Group:
(i)The SHGs help borrowers overcome the problem of lack of collateral.
(ii)They can get timely loans for a variety of purposes and at a reasonable interest rate. Moreover, SHGs are the building blocks of organisation of the rural poor.
(iii)Not only does it help women to become financially self-reliant, the regular meetings of the group provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc
