SHG have been designed for the empowerment of lsquo Poorest rsquo people Choose the correct option u...........

Social Issues Civil society

SHG have been designed for the empowerment of ‘Poorest’ people. Choose the correct option under the light of fore written statement.

Absolute true

Not true, SHG can be formed by Poor or lower class people.

True but SHG can be formed by any group of those people who are generally bypassed by the ‘financial institutions’ because of their norms

Not true, SHG can only be formed under the instructions of NABARD and Banks holds the decisive power on the formation of SHG

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Explanation:

Third option is correct i.e. SHG have been designed for the empowerment of ‘Poorest’ people. The statement is true but SHG can be formed by any group of those people who are generally bypassed by the ‘financial institutions’ because of their norms.

Self-Help Group (SHG) is a small voluntary association of poor people, preferably from the same socio-economic background. They come together for the purpose of solving their common problems through self-help and mutual help. The SHG promotes small savings among its members. The savings are kept with a bank.