Question

With reference to Self-Help Groups (SHGs) in India, consider the following statements:

1. 1. SHGs primarily operate in rural areas and focus on promoting thrift and small-scale savings.
2. 2. They facilitate access to credit for women in both urban and rural areas.
3. 3. SHGs have a statutory requirement to report to the Ministry of Finance.

• A. i, ii
• B. All
• C. ii, iii
• D. ii only

Answer 1

Answer:

A. i, ii

Self-Help Groups (SHGs) are community-based organizations, typically comprising small groups of individuals, often women, who come together to promote mutual support, savings, and credit among members, empowering them to improve their socio-economic conditions through collective decision-making, entrepreneurship, and access to financial services, ultimately contributing to poverty alleviation and women's empowerment.