Question

The Self Help Groups (SHGs) have been set in India with an aim to help the rural poor, especially
1. Unemployed Youth
2. Woman
3. Children
4. Senior citizen

Answer 1

Correct Answer - Option 2 : Woman

The correct answer is Woman.

• The Self Help Groups (SHGs) have been set in India with an aim to help the rural poor, especially women.
• A typical Self Help Group comprises 15-20 people from the same neighbourhood who save some money from their daily wages and collect them together.
• A typical SHG has 15-20 members, usually belonging to one neighbourhood, who meet and save regularly.
• Saving per member varies from Rs 25 to Rs 100 or more, depending on the ability of the people to save.
• People can borrow money from these groups during an emergency or when they are in need.
• They charge a minimum rate of interest from the borrowers.
• Once the SHG has managed to save a defined amount of money, they are also eligible to take loans from banks.
• The main purpose of introducing these Self Help Groups was to increase small scale employment opportunities for the rural people so that they could start a small business to earn a livelihood.