Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 10 Answered

Explain any four advantages of ‘Self Help Groups’ for the poor.
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
answered-by-expert Expert Answer

Self Help Group (SHG) is a group of about 15-20 members who pool their savings together. Following are the advantages of SHG:

  1. Members can take loans from the group’s savings themselves on a decided rate of interest. The rate of interest is much lower than the interest that is charged by the informal sources.

  2. After two years of regular savings, the SHG can also take a loan from the bank. Loan is given on the name of the group and creates tremendous opportunities for self-employment of the members.

  3. Due to SHG, the poor members are able to avail loan even in the absence of collateral.

  4. Many women as the members of SHGs have become economically independent. This has led to women empowerment at the rural levels.
Answered by | 03 Jul, 2014, 12:09: PM
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Economics
Asked by Topperlearning User | 03 Jul, 2014, 10:09: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×