Which of the following is/are the major functions of SHGs?
I- It aims to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.
II- It resolves conflicts through collective leadership and mutual discussion.
III- It provides collateral free loan with terms decided by the group at the market driven rates.
Solution- It looks to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities. It resolves conflicts through collective leadership and mutual discussion. It provides collateral free loan with terms decided by the group at the market driven rates. Such groups work as a collective guarantee system for members who propose to borrow from organised sources. The poor collect their savings and save it in banks. In return they receive easy access to loans with a small rate of interest to start their micro unit enterprise. Consequently, Self-Help Groups have emerged as the most effective mechanism for delivery of microfinance services to the poor.
The Securities and Exchange Board of India (SEBI) has reduced the timeline for listing of securities after the closure of public issue from six working...
How much of the Earth's surface is covered with water?
PV Sindhu became the 1st women and 2nd Indian to win 2 Olympics medals. Who is the 1st Indian to win 2 Olympics medals?
Who has been appointed as the woman president of Table Tennis Federation of India for the first time?
The Jhansi city is situated between the rivers Pahuj and ________.
Which country will be hosting the Paralympic Games 2024?
SDF stand for
National Food Laboratory of FSSAI inaugurated the Food testing Laboratory in ______ state of India?
What is the primary aim of the 'Prithvi' program approved by the Union Cabinet?
Kushinara (Kushinagar) was the capital of?