What is What is SHG?

Question

What is SHG?
1. Social Health Group
2. State Hygiene Group
3. Self Help Group
4. Sanitation and  Hygiene Group

Answer 1

Correct Answer - Option 3 : Self Help Group

The correct answer is the Self Help Group.

• Self Help Group(SHG)
  • It is an informal association of people who choose to come together to find ways to improve their living conditions.
  • A Self Help Group is a financial intermediary committee usually composed of 10 to 25 local women between the ages of 18 and 40.
  • Most Self-Help Groups are in India, though they can be found in other countries, especially in South Asia and Southeast Asia.
  • SHG is generally a group of people who work on daily wages who form a loose grouping or union.
  • Many SHGs are linked with banks for the delivery of micro-credit.
  • Self-Help Groups are started by non-governmental organizations(NGOs) that generally have broad anti-poverty agendas.
  • The Government of India launched Swarn Jayanti Gram Swarozgar Yojana to promote self-employment in rural areas through the formation and skilling of SHGs in 1999.