Advantages of SHG\'s group.

1.	Advantages of SHG\'s group.
Answer» \xa0Self Help Group (SHG) is a group of about 15-20 members who pool their savings together. Following are the advantages of SHG:\tMembers 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.\tAfter 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.\t\t\tDue to SHG, the poor members are able to avail loan even in the absence of collateral.\t\t\tMany women as the members of SHGs have become economically independent. This has led to women empowerment at the rural levels.\t

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