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
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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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