In a Self Help Group, most of the important decisions regarding the savings and loan activities are taken by the _______.

government

No worries! We‘ve got your back. Try BYJU‘S free classes today!

group members

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

group leader

No worries! We‘ve got your back. Try BYJU‘S free classes today!

banks

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B group members
Group members take the important decisions of Self Help Groups because:

-The group owes responsibility for the repayment of loans.

-Other members of the group follow seriously if in case of non-repayment of loan by one member.

-The groups decide with respect to the loans to be granted-the purpose, amount, interest to be charged, repayment schedule, etc.

Suggest Corrections

Similar questions

In a SHG, most of the decisions regarding savings and loan activities are taken by:

Choose the most appropriate answer.

(i) In a SHG most of the decisions regarding savings and loan activities are taken by

(a) Bank.

(b) Members.

(ii) Formal sources of credit does not include

(a) Banks.

(b) Cooperatives.

Join BYJU'S Learning Program