Economics · Economy

Consider the following statements regarding Self-Help Groups (SHGs) and their role: I. SHGs help members access financial services at a lower cost than local moneylenders. II. The group mechanism helps mitigate Credit Risk for banks due to peer pressure and group guarantee. III. All SHGs in India are mandated to receive a bank loan within 3 months of their formation date. Which of the statements given above are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

I and II only

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