|Consider the following regarding self-help groups:|
|1. These groups collect savings from their members and provide loans to them.|
|2. SHGs are formed and supported usually by NGOs or banks or by Government agencies.|
|3. Women SHGs are more than 50 per cent of the total SHGs. Which of these statements is/are correct?|
A) Only 1 and 2
B) Only 2 and 3
C) Only 1 and 3
D) All 1, 2 and 3
Correct Answer: D
Solution :[d] A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10-20 local women or men. A mixed group is generally not preferred. Members make small regular savings contributions over a few months until there is enough capital in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are 'linked' to banks for the delivery of micro-credit.
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