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Q.

The full form of SHG is ____

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Detailed Solution

The full form of SHG is the Self Help Group.
A Self-help group (SHG) is generally an informal association of people who come together to improve their financial conditions. These groups usually comprise 10-25 people (mainly women) and are self-governed. These self-help groups have several functions, and offering a collateral-free loan to the poorest section of the population is one of them. They also promote the habit of saving among the poor. SHGs are crucial to alleviating poverty as they are vital in giving credit access to the poor. These groups also implement and improve the efficiency of several government schemes. The groups are also playing a significant role in empowering women.

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