Economics · Financial Institutions
Which of the following is a key difference between Self-Help Groups (SHGs) and Microfinance Institutions (MFIs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1S HGs rely on government subsidies for funding, while MFIs rely on commercial sources of fundin g.
- 2SHGs are typically small, community-based organisations, while MFIs are larger and more formal institutions.✓
- 3SHGs provide only credit, while MFIs provide a range of financial services.
- 4SHGs are non-profit organisations, while MFIs are for-profit organisations.
Correct answer
SHGs are typically small, community-based organisations, while MFIs are larger and more formal institutions.
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