Question

Most of the decisions related to savings and loans are taken in Self-Help Groups:

• A. By Bank
• B. By members
• C. By non-government organisation
• D. None of the above

Hint:

SHGs empower communities by promoting self-reliance and allowing them to make financial decisions together, reducing dependency on banks and moneylenders.

Answer 1

The Correct Option is B

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.