Self-Help Groups (SHGs) provide rural women with access to small, low-interest loans through collective savings, reducing dependence on moneylenders. Linked with banks, they ensure fair lending and financial inclusion. SHGs empower women socially and economically, as seen in NABARD-supported groups in Andhra Pradesh.
“Self-Help Groups (SHGs) have transferred rural credit systems”. Evaluate this statement by discussing how Self-Help Groups (SHGs) address the limitation of informal credit and empower women borrowers.
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