Question 31 of 39
Q.Mention the features of SHG.
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 3mImportance★★★★★
79% · 31/39 Questions
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Start your 14-day free trial to unlock the full solution →SHGs are small, homogeneous, voluntary groups of the rural poor that mobilise thrift, provide micro-credit to members and link with banks to promote self-employment.
In the Tamil Nadu HSC Class-11 Economics syllabus, the features of a Self-Help Group (SHG) are:
- Small voluntary group — usually 10 to 20 members who join willingly; membership is mostly of poor rural women.
- Homogeneity — members belong to the same socio-economic background, which builds mutual understanding and trust.
- Regular thrift/savings — members save a small fixed amount regularly, building a common fund.
- Internal lending (micro-credit) — the pooled savings are lent to needy members at a rate of interest decided by the group, for consumption or small productive needs.
- Democratic functioning — decisions on savings, loans and interest are taken jointly in group meetings; the group keeps its own simple records. …
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