1
Question
In _____________, 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.
In _____________, 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.
Open in App
Solution
The correct option is C Self-help Groups
Self-help groups use the money pooled in by the members as a source of credit. When the group is regular in its savings for a year or two, banks consider these savings as collateral and provide bigger loans to the self-help groups. This, in turn, is disbursed to the members of the self-help group as loans.
Self-help groups use the money pooled in by the members as a source of credit. When the group is regular in its savings for a year or two, banks consider these savings as collateral and provide bigger loans to the self-help groups. This, in turn, is disbursed to the members of the self-help group as loans.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
