Question
What is the basic idea behind the SHGs for the poor? Explain in your own words.
✓
Answer
The basic behind the SHGs is to provide a financial resource for the poor through organizing the rural poor especially women, into small Self Help Groups. They also provide timely loans at a responsible interest rate without collateral.
The main objectives of the SHGs are:
The main objectives of the SHGs are:
- To organize rural poor especially women into small Self Help Groups.
- To collect savings of their members.
- To provide loans without collateral.
- To provide timely loans for a variety of purposes.
- To provide loans at responsible rate of interest and easy terms.
- Provide platform to discuss and act on a variety of social issues such education, health, nutrition, domestic violence etc.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
State any two factors that have helped in the process of globalisation.
Study the diagram given below and answer the questions that follow:-
- Which was the largest producing sector in 1973? Give one reason.
- Which was the largest producing sector in 2003? What was its contribution to total G.D.P?
- What was the main reason for the highest increase in G.D.P. in this sector in comparison to other sectors?
Describe four major sources of credit for households in India.
Who takes the important decisions of SHGs and why?
OR
“‘Self Help Groups’ help borrowers to overcome the problem of lack of collateral.” Examine the statement.What is the main criterion used by the World Bank in classifying different countries? Describe its limitations.
Why are the deposits in the banks called 'demand deposits'? What are the benefits of deposits with the banks?
OR
What are demand deposits? What are their advantages?OR
What are demand deposits? Explain any three features of it.Explain the measures that can be adopted to create more employment.###Suggest some ways which can be helpful in creating employment in rural areas.###What steps should be taken to create more employment? Explain.###Describe the various ways in which government can create employment opportunities for the people of India.
"When a country develops, the contribution of primary sector declines and that of secondary and tertiary sector increases." Analyse the statement.
Mention the differences between developed countries and developing countries.
“The impact of globalization has not been uniform.” Demonstrate with the help of illustrations.