BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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mainly encouraged rural women to obtain credit
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helped women to become self reliant
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helped women to discuss on relevant issuess like health
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all of these
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Detailed explanation-1: -Self-help groups are informal groups of people who come together to address their common problems. While self-help might imply a focus on the individual, one important characteristic of self-help groups is the idea of mutual support – people helping each other.
Detailed explanation-2: -A typical SHG has 15-20 members, usually belonging to one neighbourhood, who meet and save regularly. Saving per member varies from Rs 25 to Rs 100 or more, depending on the ability of the people to save. People can borrow money from these groups during an emergency or when they are in need.
Detailed explanation-3: -The group takes decisions about loans to be granted-the purpose, amount, interest to be charged, repayment schedule etc. Any case of non-repayment of a loan by any one member is followed up seriously by other members of the group. Thus, the SHGs help borrowers overcome the problem of lack of collateral .