In which organization the loan and savings decisions are taken by group members?

7. In which organization the loan and savings decisions are taken by group members?

  1. Non-Government Organizations
  2. Banks
  3. Cooperative Banks
  4. Self Help Groups

Answer: D) Self Help Groups

Explanation:

Group Members take the significant choices of SHG, due to the following reasons.

  • The gathering owes liability regarding the reimbursement of credits.
  • Different individuals from the gathering follow truly if there should be an occurrence of non-reimbursement of advance by one part.
  • The gatherings choose as respects the advances to be conceded the purpose, amount, interest to be charged, a repayment plan.

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