Fewpal
0 votes
344 views
in Social Science by (43.2k points)
closed by

Imagine yourself to be XYZ, a member of a women Self- Help Group. Analyse the ways through which your group provides loan to the members.

1 Answer

+1 vote
by (44.8k points)
selected by
 
Best answer

(i) Self Help Groups pool their savings. 

(ii) A typical SHG has 15-20 members, usually belonging to one neighbourhood, who meet and save regularly. 

(iii) Saving per member varies from Rs. 25 to Rs. 100 or more, depending on the ability of the people to save. 

(iv) Members can take small loans from the group itself to meet their needs. 

(v) The group charges interest on these loans but this is still less than what the moneylender charges. 

(vi) After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...