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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.

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