Question
Describe any four advantages of ‘Self Help Groups’ for the poor.
Solution
The advantages of self-help groups (SHG) for the poor are –
(i) The SHG help borrowers over the problem of lack of collateral
(ii) SHG helps in getting timely loans for a variety of purposes and at a reasonable interest rate.
(iii) SHG builds blocks of organisation of the rural poor.
(iv) They help women to become financially self-reliant.
