What are the advantages of SHGs?
Advantages of SHGs:
- The SHGs help the borrower to overcome the problem of lack of collateral.
- They can get timely loans for a variety of purposes and at a reasonable interest rate.
- SHGs are the building blocks of organisation of the rural poor.
- Not only do they help women become financially self-reliant, the regular meetings of the group provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.