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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.
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