A self-help group (SHG) is

a government department that gives free loans to farmersCorrect answerYour answera large commercial bank in a cityCorrect answerYour answera company that buys crops from farmersCorrect answerYour answera small group that pools savings to lend to membersCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Members save small amounts regularly; the pooled money is lent to members, at reasonable rates and in small instalments.

Concept: Self-help groups
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsRural credit

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Ten questions from Rural Development, at your own pace.

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A self-help group (SHG) is

Explanation