Question

For what purpose, small loans are provided to the SHGs members?

a) For releasing mortgaged land b) For purchasing agriculture land

c) For purchasing vehicle on EMI d) For purchasing house
MCQ ​

Answer 1

Answer:

a) For releasing mortgaged land

Explanation:

Small loans are provided to the SHG members for releasing mortgaged land, for meeting working capital needs (e.g. buying seeds, fertilisers, raw materials like bamboo and cloth), for housing materials, for acquiring assets like sewing machine, handlooms, cattle, etc.