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प्रश्न
What is the basic idea behind the SHGs for the poor? Explain in your own words.
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उत्तर
The basic idea behind the SHGs for the poor is to provide them with a vista for self-help in financial areas. A self-help group is a small group comprising people in rural areas who collect their savings and loan these out to members at an interest rate lower than that charged by the informal sector. If the SHG functions well for over a year, then it becomes eligible for loans from banks. Such loans are then used to create self-employment opportunities for the poor. Thus, they become economically upgraded and are not dependent on moneylenders anymore.
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संबंधित प्रश्न
Why is the supervision of the functioning of formal sources of loans necessary?
"Deposits with the banks are beneficial to the depositors as well as to the nation." Explain the statement
What are the reasons why the banks might not be willing to lend to certain borrowers?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
What are the other sources from which the small farmers can borrow?
______ is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
Formal sources of credit does not include ______.
In a SHG most of the decisions regarding savings and loan activities are taken by ______.
How can more employment be created in agriculture sector alone ? Explain any three ways.
Why do banks or lenders demand collateral against loans?
Answer the following question.
Explain the importance of 'collateral'.
