Self-help Groups for the Poor

Author:Himachal Pradesh Board
10th Himachal Pradesh Board
IMPORTANT

Self-help Groups for the Poor: Overview

This topic features self-help groups for the poor. Informal sector of credit is more popular in rural areas and leads to creating debt-trap. So, the concept of self-help groups came to pool savings of a group of people to be utilised when in need.

Important Questions on Self-help Groups for the Poor

EASY
IMPORTANT
Understanding Economic Development (Social Science)>Money and Credit>Self-help Groups for the Poor> Q 1

In a SHG, most of the decisions regarding savings and loan activities are taken by

HARD
IMPORTANT
Understanding Economic Development (Social Science)>Money and Credit>Self-help Groups for the Poor> Q 2

What is the basic idea behind the SHGs for the poor? Explain in your own words.