What are the advantages of saving?
Only savings help in an emergency. We can earn a lesson from the ants. There are three seasons in the year: summer, rains and winter. Summers and the rains are an emergency situation for the ants in the hot season they burn up and in the rains they are washed away in the water. So they spend these two seasons inside their hills. When they come out in the winter, they collect food bit by eat; some they eat, the rest they store away in their hills and use in the emergency seasons. Savings lead to security and the bank only helps on the basis of your savings, it does not ask for any other collateral. You will get 10 times what the savings of your SHG as the first CCL from the bank. If you follow the best practices of the SHG, then you can get your second CCL from the bank a loan amount worth Rs 5 lakh.
