How do the SHGs help borrowers? -SST 10th

1 Answer

Answer :

The SHGs help borrowers overcome the problem of lack of collateral.

Related questions

Description : What is the idea behind forming the Self Help Groups or the SHGs? -SST 10th

Last Answer : The basic idea behind formation of SHGs is to create self-employment for the poor, particularly rural poor women. The SHGs help poor borrowers to overcome the problem of lack of collateral. They can ... which they are members. The SHGs are thus the building blocks of organisation of the rural poor.

Description : Who takes the important decisions of SHGs and why? -SST 10th

Last Answer : . Most of the important decisions regarding the savings and loan activities are taken by the group members. . The group decides as regards the loans to be granted-the purpose, amount, interest to be ... to lend to the poor women when organised in SHGs even though they have no collateral as such.

Description : What are the advantages of SHGs? -SST 10th

Last Answer : Advantages of SHGs are: 1.The SHGs help the borrower to overcome the problem of lack of collateral. 2.They can get timely loans for a variety of purposes and at a reasonable interest rate. 3. ... to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.

Description : What is the basic idea behind the SHG’s for the poor ? -SST 10th

Last Answer : The basic idea behind the SHG's for the poor is to provide credit facilities at a cheaper rate and also without much documentation process. An SHG has 15-20 members, usually from the ... regards the loans to begranted, the purpose, amount, interest to be charged, and its repayment schedule.

Description : What is the role of SHGs? What are the reasons of its growing popularity? -SST 10th

Last Answer : Self-Help Groups consist of certain members who pool their savings and constitute a fund which is further used in making finance and advances to other members. A typical Self-Help Group has 15 ... platform to discuss and act on various social issues such as health, nutrition, domestic violence etc.

Description : 6. What is the basic idea behind the SHGs for the poor? Explain in your own words. -Economics 10th

Last Answer : The Self Help Groups (SHGs) have been set in India with an aim to help the rural poor, especially women. A typical Self Help Group comprises 15-20 people from the same neighbourhood ... employment opportunities for the rural people so that they could start a small business to earn a livelihood.

Description : Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Last Answer : The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural ... the group is regular in savings for year or two, it can avail loan from the bank.

Description : While taking a loan, borrowers look for easy terms of credit. What do is this mean? -SST 10th

Last Answer : This means low interest rate, easy conditions for repayment and less collateral and documentations requirements.

Description : How do the informal lenders take undue advantage of the borrowers helplessness? -SST 10th

Last Answer : They charge high interest on loans. As a result, the cost to the borrower of informal loans is also very high.

Description : Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Last Answer : The moneylenders charge very high rates of interest keep no records of transactions and harass the poor borrowers.

Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.

Description : The National Agricultural Insurance Scheme in its first two years of operation envisaged to cover...... (A) all crops-grown by small and marginal farmers only (B) all crops-cultivated with ... of farmers (D) only horticultural crops (E) only seven commercial crops-grown under contract farming system

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Description : Should lenders be allowed to make loans they don't expect borrowers to be able to repay?

Last Answer : answer:No, they should not. It is greed on their parts. Should people think responsibly and not take on more debt than they can? Of course. In the case of some of these outrageous mortgages, ... simplifying the process and forcing them to disclose in plain English would go a long way to helping.

Description : An Interest Calculator Can Save Borrowers Money?

Last Answer : Figuring out accrued interest on a loan can be accomplished using a simple interest calculator tool. The total amount paid in interest charges over the life of the loan can also be figured using ... the entire loan period will be able to make an informed decision after using an interest calculator.

Description : Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Last Answer : A. is used to rate the borrowers while giving advances Explanation: Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. An assessment of the creditworthiness of a borrower with respect to a particular debt or financial obligation.

Description : The target group for credit cards is _________ 1. All card Holders 2. All existing borrowers 3. Individuals, with taxable income 4. All of these 5. None of these

Last Answer : All of these

Description : Underwriters build up ______ confidence in the issue of securities. a. Borrowers b. Investors c. Company

Last Answer : b. Investors