What are the advantages of SHGs?

1.	What are the advantages of SHGs?
Answer» Advantages of SHGs are: 1. The SHGs help the borrower to overcome the problem of lack of collateral. 2. They can get timely loans for a variety of purposes and at a reasonable interest rate. 3. SHGs are the building blocks of organisation of the rural poor. 4. Not only do they help women 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 violence, etc.

Answer»

Advantages of SHGs are:

1. The SHGs help the borrower to overcome the problem of lack of collateral.

2. They can get timely loans for a variety of purposes and at a reasonable interest rate.

3. SHGs are the building blocks of organisation of the rural poor.

4. Not only do they help women 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 violence, etc.

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What are the advantages of SHGs?

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