Question

Inculcating saving habits in community is the objective of self help groups true or false

Answer 1

Explanation:

The main purpose of SHGs is to mobilize savings among their members and used resources to meet the emergent credit needs of the members of the group. SHGs generally work according to the local requirement. To build mutual trust and confidence between the bankers and the rural poor people.

Answer 2

Explanation:

However, in a group like SHG, they are ensured through collective action of the members. This scheme mobilises the poor rural people especially women to form groups for mutual benefits. SHGs play a crucial role in improving the savings and credit and also in reducing poverty and social inequalities.