Q. What is a Self-Help Group (SHG)?
Solution:
A Self-Help Group (SHG) is a small group of people, usually women, who come together to help each other. The members of the group save a small amount of money regularly, and then use that money to lend to each other at low interest rates. The main goal of an SHG is to improve the financial well-being of its members.
SHGs also help members by providing support in areas like education, healthcare, and skill development. They often provide training, share ideas, and help each other start small businesses. This creates a sense of community and empowerment.
SHGs are a great way for people, especially those in rural or poor areas, to access money, support, and resources that they might not be able to get otherwise. They help reduce poverty, increase savings, and improve the quality of life for their members. In many cases, SHGs play a key role in women’s empowerment and community development.
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