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Self-Help Groups and Informal Credit

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Questions and Answers

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?

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?

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)?

15-20 members Signup and view all the answers

Who particularly benefits from Self Help Groups (SHGs) in terms of financial independence?

Women Signup and view all the answers

What is the primary reason for poor households to depend on informal sources of credit?

Lack of presence of banks in rural areas Signup and view all the answers

What is the primary function of Self Help Groups (SHGs) in relation to collateral for loans?

Help borrowers overcome the lack of collateral Signup and view all the answers

What is the main advantage of timely loans obtained through Self Help Groups (SHGs)?

Availability for a variety of purposes and at a reasonable interest rate Signup and view all the answers

What is the primary role of Self Help Groups (SHGs) in the organization of the rural poor?

Building blocks of the organisation of the rural poor Signup and view all the answers

What is the key benefit of regular meetings of Self Help Groups (SHGs) beyond financial matters?

Providing a platform to discuss and act on a variety of social issues Signup and view all the answers