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Which of the following is/are the major functions of SHGs?
I. It aims to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.
II. It resolves conflicts through collective leadership and mutual discussion.
III. It provides collateral free loan with terms decided by the group at the market driven rates.
  • a)
    Only I
  • b)
    Only II
  • c)
    I & II
  • d)
    II & III
  • e)
    all of the above
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
Which of the following is/are the major functions of SHGs?I. It aims ...
  • It looks to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.
  • It resolves conflicts through collective leadership and mutual discussion.
  • It provides collateral free loan with terms decided by the group at the market driven rates.
  • Such groups work as a collective guarantee system for members who propose to borrow from organised sources. The poor collect their savings and save it in banks. In return they receive easy access to loans with a small rate of interest to start their micro unit enterprise.
  • Consequently, Self-Help Groups have emerged as the most effective mechanism for delivery of microfinance services to the poor.
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Which of the following is/are the major functions of SHGs?I. It aims to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.II. It resolves conflicts through collective leadership and mutual discussion.III. It provides collateral free loan with terms decided by the group at the market driven rates.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer?
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Which of the following is/are the major functions of SHGs?I. It aims to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.II. It resolves conflicts through collective leadership and mutual discussion.III. It provides collateral free loan with terms decided by the group at the market driven rates.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which of the following is/are the major functions of SHGs?I. It aims to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.II. It resolves conflicts through collective leadership and mutual discussion.III. It provides collateral free loan with terms decided by the group at the market driven rates.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is/are the major functions of SHGs?I. It aims to build the functional capacity of the poor and the marginalized in the field of employment and income generating activities.II. It resolves conflicts through collective leadership and mutual discussion.III. It provides collateral free loan with terms decided by the group at the market driven rates.a)Only Ib)Only IIc)I & IId)II & IIIe)all of the aboveCorrect answer is option 'E'. Can you explain this answer?.
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