Question:
Most of the decisions related to savings and loans are taken in Self-Help Groups:
Most of the decisions related to savings and loans are taken in Self-Help Groups:
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SHGs empower communities by promoting self-reliance and allowing them to make financial decisions together, reducing dependency on banks and moneylenders.
Updated On: Oct 11, 2025
- By Bank
- By members
- By non-government organisation
- None of the above
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The Correct Option is B
Solution and Explanation
In Self-Help Groups (SHGs), decisions related to savings, loans, and group activities are taken collectively by the members. The members of SHGs contribute a fixed amount towards savings, and they decide how loans should be disbursed among the group.
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