Economics · Economy
Which of the following is a key feature of Self-Help Groups (SHGs) in the microfinance sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1They function exclusively within the formal banking system.
- 2They provide financial services to poor households and small enterprises, particularly in rural areas.✓
- 3They provide financial services only to urban entrepreneurs.
- 4They are solely focused on profit-making.
Correct answer
They provide financial services to poor households and small enterprises, particularly in rural areas.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy