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What is the role of of shgs? What are the reasons of its growing popularity?
Most Upvoted Answer
What is the role of of shgs? What are the reasons of its growing popul...
Main role of SHG is to provide employment opportunity to other such as envelop making ,handicraft, matchbox making etc.They can also provide loan to poor people at nominal interest rate which prevent to poor from entering the situation of debt tra
The SHG's are becoming popular because of the follng reasons:-
- The SHG's help the borrower to overcome the problem of lack of collateral.
- People can get timely loans for a variety of purposes and at a resonable interest rates.
- SHG's are the building blocks of organisation of rural poor.
- Not only does it help women to 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 values,etc.
The SHG's are becoming popular because of the follng reasons:-
- The SHG's help the borrower to overcome the problem of lack of collateral.
- People can get timely loans for a variety of purposes and at a resonable interest rates.
- SHG's are the building blocks of organisation of rural poor.
- Not only does it help women to 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 values,etc.
Community Answer
What is the role of of shgs? What are the reasons of its growing popul...
Role of Self-Help Groups (SHGs)
Self-Help Groups (SHGs) are community-based organizations that are formed to empower women and provide them with financial support. The members of SHGs come together to save small amounts of money regularly and use this pooled savings to provide microcredit to members who need it. SHGs also provide a platform for women to discuss their problems and find solutions collectively. The main role of SHGs is to:
- Promote financial inclusion: SHGs aim to provide financial services to those who do not have access to formal banking services. They help women to save money and provide them with credit when needed.
- Empower women: SHGs help women to become financially independent and provide them with a platform to voice their opinions and concerns. They also help to build their confidence and self-esteem.
- Promote entrepreneurship: SHGs encourage women to start their own businesses and become entrepreneurs. They provide them with the necessary training and support to help them succeed.
- Reduce poverty: SHGs provide financial assistance to women who are living in poverty. This helps them to improve their standard of living and become self-sufficient.
Reasons for the growing popularity of SHGs
SHGs have become increasingly popular in recent years due to a number of reasons:
- Financial inclusion: SHGs provide financial services to those who do not have access to formal banking services. This has helped to reduce poverty and improve the standard of living of many women.
- Empowerment of women: SHGs provide a platform for women to voice their opinions and concerns. This has helped to build their confidence and self-esteem, and has empowered them to take control of their lives.
- Reduction in gender discrimination: SHGs have helped to reduce gender discrimination by providing women with the tools and resources they need to become financially independent.
- Promotion of entrepreneurship: SHGs promote entrepreneurship by providing women with the training and support they need to start their own businesses.
- Improved access to healthcare and education: SHGs have helped to improve access to healthcare and education by providing financial assistance to women who need it.
Overall, SHGs have become an important tool in the fight against poverty and gender discrimination. They have helped to empower women, promote entrepreneurship, and improve access to healthcare and education. As such, they are likely to continue to grow in popularity in the coming years.
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What is the role of of shgs? What are the reasons of its growing popularity? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What is the role of of shgs? What are the reasons of its growing popularity? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the role of of shgs? What are the reasons of its growing popularity?.
What is the role of of shgs? What are the reasons of its growing popularity? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What is the role of of shgs? What are the reasons of its growing popularity? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the role of of shgs? What are the reasons of its growing popularity?.
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