Answer:
The
basic idea behind formation of SHGs is to create self-employment for the poor,
particularly rural poor women. The SHGs help poor borrowers to overcome the
problem of lack of collateral.
They can get timely loans for a variety of purposes at a reasonable
interest rate in the name of the SHG of which they are members. The SHGs are
thus the building blocks of organisation of the rural poor.
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