Podcast
Questions and Answers
What is the primary reason poor households depend on informal sources of credit?
What is the primary reason poor households depend on informal sources of credit?
- Difficulty in obtaining loans from banks without proper documents and collateral (correct)
- High interest rates charged by banks
- Lack of awareness about Self Help Groups (SHGs)
- Lack of presence of banks in rural areas
What is the primary advantage of Self Help Groups (SHGs) for borrowers?
What is the primary advantage of Self Help Groups (SHGs) for borrowers?
- Providing free financial advice
- Overcoming the problem of lack of collateral for loans (correct)
- High interest rates for savings
- Guaranteed loans without any requirements
What role do Self Help Groups (SHGs) play in the organization of the rural poor?
What role do Self Help Groups (SHGs) play in the organization of the rural poor?
- They act as a political advocacy group
- They provide free healthcare services
- They offer vocational training programs
- They are the building blocks of the organization of the rural poor (correct)
What is the typical size of a Self Help Group (SHG)?
What is the typical size of a Self Help Group (SHG)?
Who particularly benefits from Self Help Groups (SHGs) in terms of financial independence?
Who particularly benefits from Self Help Groups (SHGs) in terms of financial independence?
What is the primary reason for poor households to depend on informal sources of credit?
What is the primary reason for poor households to depend on informal sources of credit?
What is the primary function of Self Help Groups (SHGs) in relation to collateral for loans?
What is the primary function of Self Help Groups (SHGs) in relation to collateral for loans?
What is the main advantage of timely loans obtained through Self Help Groups (SHGs)?
What is the main advantage of timely loans obtained through Self Help Groups (SHGs)?
What is the primary role of Self Help Groups (SHGs) in the organization of the rural poor?
What is the primary role of Self Help Groups (SHGs) in the organization of the rural poor?
What is the key benefit of regular meetings of Self Help Groups (SHGs) beyond financial matters?
What is the key benefit of regular meetings of Self Help Groups (SHGs) beyond financial matters?
