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Self-Help Groups (SHGs) in India are typically formed by:
A15-20 poor members (mostly women) who pool small savings
BGovernment officers from the same department
CLarge industrialists pooling investment capital
DForeign donors funding a single development project
Answer & Solution
Correct answer: A. 15-20 poor members (mostly women) who pool small savings
SHGs are small groups of 15-20 members, usually poor (mostly women), who pool small monthly savings. Loans are made from this pool or by borrowing from banks using the pool as collateral.
Related questions
Banks lend to poor women in SHGs even though they have no:Interest charged by a Self Help Group is compared with that of the:Self Help Groups are formed particularly among rural:A typical Self Help Group has how many members?What share of rich urban households' loans is from informal sources?What share of loans to poor urban households comes from informal sources?Who supervises the credit activities of informal lenders?Who supervises the functioning of formal sources of loans?