Self-Help Groups (SHG) are community based financial intermediaries where people come together involuntarily and contribute regularly for the creation of a common fund.

True

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False

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Solution

The correct option is B False
Self-Help Groups (SHG) are community based financial intermediaries where people come together involuntarily and contribute regularly for the creation of a common fund- this is a false statement. Since, Self Help Groups comprises of members who come voluntarily. SHG are member-based micro finance intermediaries.

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Micro Finance is a credit scheme extended to poor through Self Help Groups (SHGs).

Micro-finance is a credit scheme extended to poor through Self Help Groups (SHGs).

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