What is the name of the marketing complex of SHGs product?
What is the difference between microfinance and microcredit? Microfinance refers to loans, savings, insurance, transfer services and other financial products targeted at low-income clients. Microcredit refers to a small loan to a client made by a bank or other institution. Microcredit can be offered, often without collateral, to an individual or through group lending. Are SHGs meant for both men and women? SHGs are meant for both men and women. However, women are especially being encouraged 5 to organize themselves in groups to make then economically independent and improve thei socio-economic status in the family and society. Who will form a SHG? ‘Group Formation’ is a process which initially begins with some external stimulation / help I facilitation through an extension agency/social worker/project functionaries. Alternatively, the members can form a group themselves. The process of Group Formation may vary depending upon its objectives & the situation. Is formation of SHG a Govt. s
