1
Question
A group of women, workers of a factory, and other such people can pool in their money together and use it when needed. These groups are known as
A group of women, workers of a factory, and other such people can pool in their money together and use it when needed. These groups are known as
Open in App
Solution
The correct option is A self-help groups
When people cannot afford loans from banks or moneylenders, they go for self-help groups. An ideal self-help group consists of 15–20 members, women, local workers, or people in a locality. Each member pools in a particular amount periodically, and the group uses it to give loans to the members. These loans help a lot of people in starting and developing their businesses.
When people cannot afford loans from banks or moneylenders, they go for self-help groups. An ideal self-help group consists of 15–20 members, women, local workers, or people in a locality. Each member pools in a particular amount periodically, and the group uses it to give loans to the members. These loans help a lot of people in starting and developing their businesses.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
