Question : Which of the following is a feature of the Self-Help group?
Option 1: The group takes care of the debt recovery.
Option 2: There is a requirement for collateral.
Option 3: These groups are classified as commercial banks.
Option 4: The interest rates are generally high.
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Correct Answer: The group takes care of the debt recovery.
Solution : The correct answer is The group takes care of the debt recovery .
The organisation handles the debt recovery. The self-help group is in charge of managing debt recovery. They seek to increase the underprivileged and marginalised groups' functional capacities in society, especially in work and income-generating activities. Self-help groups are frequently organised and managed independently by their members. However, professionals such as medical staff sometimes help them.
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