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Q.

What do you mean by SHG?

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An Intiative by Sri Chaitanya

a

Self Help Group

b

Small groups of poor people

c

Both 1) and 2)

d

None of this

answer is C.

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Detailed Solution

SHG means self-help group, small groups of poor people. Self-help groups originate among the needy in rural areas of the nation. The goal of this strategy is to assist people in helping themselves while also helping others. People create groups, particularly women, and one person collects everyone's earnings before giving it to the individual in need. The government assists these organisations in marketing their SHG products and offers loans at extremely cheap interest rates. A group often has twelve or more individuals. This group serves as a go-between between the village residents and the banks.

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What do you mean by SHG?