General Knowledge · Social Schemes
Why is the proper management of the Revolving Fund considered crucial for Self-Help Groups (SHGs)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It allows SHGs to depend permanently on government grants rather than self-reliance.
- 2It builds credit discipline, increases group cohesiveness, and prepares SHGs for larger bank loans.✓
- 3It ensures only leaders benefit from funds while excluding general members.
- 4It eliminates the need for maintaining financial records in SHGs.
Correct answer
It builds credit discipline, increases group cohesiveness, and prepares SHGs for larger bank loans.
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