10th Class Social Science Money and Credit

  • question_answer 1) What is the basic idea behind the SHGs for the poor? Explain in your own words.  

    Answer:

    The basic idea behind the SHGs is meant to create self - employment opportunities for the poor. The SHGs help poor borrowers to overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate. Moreover, SHGs are the building blocks of organizations of rural poor.  

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