Question : Who helps to integrate formal credit systems into rural societies?
Option 1: Land development banks
Option 2: Self-help groups
Option 3: Regional rural banks
Option 4: Commercial banks
Answer (1)
24th Jan, 2024
Correct Answer: Self-help groups
Solution :
Self-help group helps to integrate formal credit systems into rural societies.
It can be defined as a self-governed, peer-controlled information group of people with similar socio-economic backgrounds and having a desire to collectively perform a common purpose.
Hence option b is the correct answer.
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