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ECONOMICS PROJECT CLASS 12 TOPIC - SELF HELP GROUP | CBSE BOARD EXAM 2021 Video Lecture

FAQs on ECONOMICS PROJECT CLASS 12 TOPIC - SELF HELP GROUP - CBSE BOARD EXAM 2021 Video Lecture

1. What is a self-help group?

Ans. A self-help group is a small voluntary association of people who come together to address common problems and improve their living conditions. Members of a self-help group pool their resources, skills, and knowledge to support each other in achieving their individual and collective goals.

2. How do self-help groups function?

Ans. Self-help groups function through regular meetings where members discuss their issues, share experiences, and collectively decide on potential solutions. They also contribute small amounts of money into a common fund, which is then used to provide loans to members for various purposes such as starting small businesses or meeting urgent financial needs.

3. What are the benefits of joining a self-help group?

Ans. Joining a self-help group can bring several benefits. Firstly, it provides a platform for individuals to share their problems and seek advice from others who may have faced similar challenges. Secondly, it promotes financial inclusion by providing access to affordable credit. Additionally, self-help groups often engage in skill-building activities, which can enhance members' capabilities and increase their income-generating potential.

4. How are self-help groups different from traditional financial institutions?

Ans. Self-help groups differ from traditional financial institutions in several ways. Unlike banks or microfinance institutions, self-help groups are informal and operate at the community level. They do not require collateral for loans and have a higher degree of flexibility in terms of repayment schedules. Moreover, self-help groups focus not only on financial assistance but also on social empowerment and mutual support.

5. Can self-help groups play a role in poverty alleviation?

Ans. Yes, self-help groups can play a significant role in poverty alleviation. By providing access to credit and promoting entrepreneurship, self-help groups enable individuals to generate income and improve their economic well-being. Moreover, the collective nature of self-help groups fosters social cohesion and encourages members to actively participate in community development initiatives, leading to overall poverty reduction.

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	Nov 28, 2024 Last updated

ECONOMICS PROJECT CLASS 12 TOPIC - SELF HELP GROUP | CBSE BOARD EXAM 2021 for Class 122024 is part of Class 12 preparation. The notes and questions for ECONOMICS PROJECT CLASS 12 TOPIC - SELF HELP GROUP | CBSE BOARD EXAM 2021 have been prepared according to the Class 12 exam syllabus. Information about ECONOMICS PROJECT CLASS 12 TOPIC - SELF HELP GROUP | CBSE BOARD EXAM 2021 covers all important topics for Class 122024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for ECONOMICS PROJECT CLASS 12 TOPIC - SELF HELP GROUP | CBSE BOARD EXAM 2021.

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