Question

which of the following is false regarding SHG's * 1)small and informal association for a poor person 2)provide rural credit by mobilising their own resources 3)introduced in 1982 4)improve rural poor access to a formal credit system

Answer 1

Explanation:

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Answer 2

Answer:

The required answer is an option (1) small and informal association for a poor person

Explanation:

• Self-Help Groups (SHGs) are unofficial organizations where people gather to discuss how to better their living circumstances.

• It can be characterized as a self-governing, peer-controlled information group of individuals with a comparable socioeconomic background and a desire to work together to accomplish a common goal.

• The issues that villages face are varied and include poverty, illiteracy, a lack of skills, a lack of official credit, etc. These issues require teamwork because they cannot be solved individually.

• SHG can therefore help the underprivileged and disenfranchised achieve transformation. SHG uses the idea of "Self Help" to promote entrepreneurship and poverty eradication.

• To connect the unorganized sector with the established banking sector, NABARD launched SHGs in 1992.

Therefore, (1) small and informal association for a poor person is false regarding SHG's.

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