9 Views

Question : Who decides the savings and loan activities in a Self Help Group (SHG)?

Option 1: Private bank

Option 2: Reserve Bank of India

Option 3: Members of the group

Option 4: Non-government organisations


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Members of the group


Solution : The correct option is Members of the group .

The members of a Self Help Group (SHG) decide together on the group's savings and loan activities. SHGs are community-based groups where participants combine their assets, including savings, to establish a common fund. The members are then given loans from this fund depending on their unique requirements and ability to repay them.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books