What is the basic idea behind the SHGs for the poor? Explain in your own words.
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What is the basic idea behind the SHGs for the poor? Explain in your own words.
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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.
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Verified answer
Self-help groups for the poor aim at boosting the self esteem, providing mutual help, etc.
Explanation: