Question

“Self-Help Groups provide stimulus to socio-economic development in rural areas.”
Justify the given statement with a valid explanation.

Hint:

Self-Help Groups empower rural communities through credit access, entrepreneurship, and skill development.

Answer 1

Empowerment: Self-Help Groups (SHGs) empower rural women and marginalized sections by providing access to credit and promoting entrepreneurial activities. 
Employment Generation: SHGs enable small-scale businesses and agricultural activities, reducing unemployment in rural areas. Social Development: They foster community development, skill-building, and financial literacy, improving overall socio-economic conditions.