Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?

Question

YESPYQ · Accepted Answer

Correct answer: b) Members of group. Self-help groups are informal groups of people who come together to address their common problems. While self-help might imply a focus on the individual, one important characteristic of self-help groups is the idea of mutual support – people helping each other. . The Reserve Bank of India(RBI) was established following the Reserve Bank of India Act of 1934. It was nationalized in 1949. It is the central bank of India. A nongovernmental organization (NGO) is an organization independent of the government whose primary mission is not commercial and that focuses on social, cultural, environmental, educational, and other issues. Private sector banks are those whose stock is primarily owned by private companies or individuals. Hence, the correct answer is “Members of group”.

Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?

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