Economics · Rural Development
Consider the following statements regarding Self-Help Groups (SHGs) in India: 1. They promote small savings and provide low-interest loans to their members. 2. They reduce the dependence of rural households on informal moneylenders. 3. They are always established and run directly by commercial banks. 4. The SHG-bank linkage program improves formal credit access for low-income households. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3 and 4
- 21 and 3 only
- 32 and 3 only
- 41, 2 and 4 only✓
Correct answer
1, 2 and 4 only
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