What are the features of Self Help Groups in India 1 Majority of SHGs have very high ...........

Economic Affairs Financial Inclusion

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What are the features of Self Help Groups in India:

1. Majority of SHGs have very high percentage of women members

2. They are voluntary in participation

3. They are registered as a society in India

Choose the correct option:

Only 1

1 & 2

2 & 3

1, 2 & 3

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Explanation:

3rd statement is incorrect.

A SHG may be registered or unregistered. It typically comprises a group of micro entrepreneurs having homogeneous social and economic backgrounds, all voluntarily coming together to save regular small sums of money, mutually agreeing to contribute to a common fund and to meet their emergency needs on the basis of mutual help.