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Functions of Self-help groups. |
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Answer» Self-help groups give loans to the rural poor especially women without collateral and documentation. They save women from the exorbitant interest rates of money lenders. Group members are jointly responsible for the repayment of loans. These loans created selfemployment and made women self-reliant. They offer collateral-free loans to sections of people that generally find it hard to get loans from banks. They also resolve conflicts via mutual discussions and collective leadership. They are an important source of microfinance services to the poor.. |
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