ASocial
BSteady
CSustainable
DSelf
Answer:
D. Self
Read Explanation:
Understanding SHG in Microfinance
The 'S' in SHG stands for 'Self'.
SHG is an acronym for Self-Help Group.
Self-Help Groups are typically small, informal associations of people who choose to save and borrow from each other on a regular basis.
These groups are generally composed of individuals with similar socio-economic backgrounds, often women from marginalized communities.
The primary aim of an SHG is to promote the habit of saving among its members and to provide a source of timely and accessible credit.
Members contribute small amounts regularly into a common fund. This accumulated fund is then used to provide loans to members in need, usually at lower interest rates than those charged by informal lenders.
The principle of 'mutual help' is central to SHG operations, fostering financial independence and empowerment.
SHGs play a significant role in poverty alleviation and women's empowerment in many developing countries, including India.
Key Feature: The 'Self' aspect emphasizes that the group is formed and managed by the members themselves, without external control, although external agencies might provide training and support.