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Q.

Choose given statement true/False:


Self-Help groups are an emerging concept.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
Self-Help groups are an emerging concept. The idea is to organise neighbourhood Self Help Groups (SHGs) for the underprivileged in rural areas, particularly for women, and to inspire them to save as they accumulate money. A self-help group typically has 15 to 20 members, the majority of whom are locals who regularly get together to save money. The amount each member saves each quarter might range from quarterly payments of Rs 25 to Rs 100 or more, depending on the woman's ability to save.
 
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