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Unit 4 Ch 3 : Money and Credit — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 3 : Money and Credit3 Marks
Question
Write anyone benefit of SHGs?
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Answer

Advantages of SHGs:
  1. The SHGs help the borrower to overcome the problem of lack of collateral.
  2. They can get timely loans for a variety of purposes and at a reasonable interest rate.
  3. SHGs are the building blocks of organisation of the rural poor.
  4. Not only do they help women become financially self-reliant, the regular meetings of the group provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.

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