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Justify the following statement. Mutual Trust is the soul of SHG. - Organisation of Commerce and Management

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Question

Justify the following statement.

Mutual Trust is the soul of SHG.

Short/Brief Note
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Solution

  1. Most of the Indian villagers are facing challenges such as poverty, illiteracy, lack of skills, health care, etc.
  2. There is a need for group efforts to solve these problems.
  3. The basic philosophy of forming SHGs is to overcome individual shortcomings and weaknesses with collective efforts.
  4. Through mutual trust, thousands of poor and marginalized individuals are building their lives, their families, and their society.
  5. Thus, we can say mutual trust is the soul of SHG.
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Chapter 6: Institutes Supporting Business - Exercise Q.5 [Page 136]

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Balbharati Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
Chapter 6 Institutes Supporting Business
Exercise Q.5 | Q 5 | Page 136
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