Explain the following terms/concept : Self Help-Groups

Question

Explain the following terms/concept : Self Help-Groups

Explain the following terms/concept :

Self Help-Groups

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

1. Self Help Group (SHG) is a voluntary association.

2. It is a small homogeneous group of people who come together with the objective of creating common fund through small savings and meet members emergency needs by providing collateral free loan at reasonable rate.

3. Many SHG are linked to banking institutions for getting micro-credit.

4. All decisions are taken collectively by SHG members.