General Knowledge · Social Sector 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 ensures benefits are restricted only to leaders, keeping members away.
- 2It eliminates the need to maintain financial records in SHGs.
- 3It allows SHGs to permanently depend on government funds.
- 4It builds credit discipline, enhances group cohesiveness, and prepares SHGs for larger bank loans.✓
Correct answer
It builds credit discipline, enhances group cohesiveness, and prepares SHGs for larger bank loans.
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