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Question : Which form of formal credit had fully integrated itself into the entire development of rural society and community?

Option 1: Self-help groups

Option 2: Rural regional banks

Option 3: Commercial banks

Option 4: None of the above


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Self-help groups


Solution : Self Help groups had fully integrated themselves into the entire development of rural society and the community
Self Help groups are groups of rural poor people (especially women). The idea is to help them organize themselves, help them financially, provide them with work, and help them in other matters including domestic issues.
​​​​​​​Hence option a is the correct answer.

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