Single Answer MCQ
Q-00045473
Which of the following is a benefit of Self-Help Groups (SHGs)?
1
High-interest loans
2
Regular savings habits
3
Unlimited borrowing
4
Absence of repayments
Answer and Solution
Answer
B. Regular savings habits
Solution:
Self-Help Groups facilitate regular savings amongst members, encouraging financial discipline and providing members access to low-interest loans, thus promoting socio-economic development.
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