Advertisements
Advertisements
Question
Justify the role of 'Self Help Groups' in the rural economy.
Solution
The role of 'Self Help Groups' (SHGs) in the rural economy:
- SHGs organise rural poor, especially women and create self-employment opportunities for them.
- SHGs help borrowers overcome the problem of lack of collateral. They can get timely loans for a variety of purposes and at a reasonable interest rate.
- SHGs are the building blocks of organisation of the rural poor.
- SHGs help women to become financially self-reliant.
- SHGs also provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.
APPEARS IN
RELATED QUESTIONS
Which one of the following is the newer way of providing loans to the rural poor, particularly women?
Grameen Bank of Bangladesh was started in ______.
It is important that the formal credit is distributed more equally so that ______.
The SHGs help borrowers overcome the problem of ______.
Explain the role of Self-Help Groups (SHGs) in rural society.
Explain the functions of "Self Help Group".
Who among the following takes the decision regarding saving and loan activities in the Self Help Groups (SHGs)?
How to create more employment in rural areas? Explain with examples.
Miss “S” approached a bank nearby to avail loan for her own business, as well as a Self-help group which is operating in her village, the bank rejected her loan application whereas the Self-help group accepted to support her by providing the loan.
Which one of the following documents is required by the bank, but not required by the self-help group to approve Miss "S's" loan application for her business?
“Self–help groups eliminates poverty and empowers women”. Substantiate with suitable answer.
