Question

How does the membership in a Self Help Group help a poor rural woman?

• A. Facilitates her to help herself in daily work
• B. To work together in factories and get regular employment
• C. To overcome the problem of lack of collateral for borrowing money
• D. To get free money from the government

Answer 1

The correct option is C To overcome the problem of lack of collateral for borrowing money

After a year or two, if the group is regular in savings, it becomes eligible for availing loan from the bank. Loan is sanctioned in the name of the group and is meant to create self-employment opportunities for the members.