Loans from the formal sector are difficult to obtain compared to the informal sector. What is the solution that rural women have tried out as a source of finance for self-reliance in the rural areas?

NABARD

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Solution

The correct option is B SHGs
Self-help groups (SHGs) are the building blocks of organisations in the rural areas. It not only helps women become financially independent, but also helps in a variety of social issues such as health, nutrition, domestic violence, etc.

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Similar questions

Q. The formal sector meets only about half of the total credit needs of the rural people. The remaining credit needs are met through the informal sources. Most of the loans from the informal lenders have very high interest rates and do little to increase the income of the borrowers.

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Loans from the formal sector are difficult to obtain compared to the informal sector. What is the solution that rural women have tried out as a source of finance for self-reliance in the rural areas?

The correct option is B SHGsSelf-help groups (SHGs) are the building blocks of organisations in the rural areas. It not only helps women become financially independent, but also helps in a variety of social issues such as health, nutrition, domestic violence, etc.

The correct option is B SHGs
Self-help groups (SHGs) are the building blocks of organisations in the rural areas. It not only helps women become financially independent, but also helps in a variety of social issues such as health, nutrition, domestic violence, etc.