What is the complete form of SHGs?

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Self Health Group

Semi-Help Groups

Self Help Groups

Semi-Health Groups

answer is C.

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Detailed Solution

The complete form of SHGs is Self Help Groups.
It is a small group of 15-20 members who try to resolve their minor disputes related to economic conditions. This group is self-governed and peer-controlled. People with similar economic and social backgrounds associate with the help of any NGO or government agency.
NABARD, in 1992 formed this project called Self Help Groups; today, it is the largest microfinance project.
Stages of the evolution of self-help groups include: First, formation of a group, Second, funding or formation of capital. And Third, developing the required skills to boost income.
Functions: These are the vital source of microfinancing for the poor, Encourage the habit of saving among the poor, Offer collateral-free loans, etc.

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