wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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


A

bank

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

group members

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

non-government organisation

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

government

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

The correct option is B

group members


SHGs are registered/unregistered entities which usually has a membership of 15 to 20 members from very low income families, usually women. They mobilize savings from members and uses the pooled funds to give loans to the needy members.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rural Credit
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon