Topic: Structure, organization and functioning of the Executive and the Judiciary—Ministries and Departments of the Government; pressure groups and formal/informal associations and their role in the Polity.
3) The legality and accountability of Self Help Groups (SHGs) and their clienteles, the microfinance outfits, need systematic assessment and scrutiny for the sustained success of the concept. Discuss.(250 words)
Why this question:
The question aims to discuss the issues with SHGs and microfinance in the country and the need to reform the available mechanisms for their better performance.
Key demand of the question:
One must discuss the present status of the legality and accountability of Self Help Groups (SHGs) in the country and the need for reforms in this sector.
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
In short discuss the concept of self-help groups.
One must first discuss the significance that SHGs and micro finance units have in the country.
Explain the mechanisms that are currently regulating this sector.
Discuss the present issues with microfinance and SHGs.
Discuss the significance of legality and accountability required to refine the concept and its impact.
Conclude with way forward.