10th Class Social Science Money and Credit Question Bank 10th CBSE Social Science Money and Credit

  • question_answer                                           What are the advantages of SHGs?

    Answer:

                      Advantages of SHGs: (i) The SHGs help the borrower to overcome the problem of lack of collateral. (ii) They can get timely loans for a variety of purposes and at a reasonable interest rate. (iii) SHGs are the building blocks of organisation of the rural poor. (iv) Not only do they help women 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.


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