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Question
In a SHG most of the decisions regarding savings and loan activities are taken by ______.
Options
Bank
Members
Non-government organisation
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Solution
In a SHG most of the decisions regarding savings and loan activities are taken by members.
Explanation:
A Self-Help Group (SHG) functions on a democratic, self-managed basis, with members deciding on savings amounts, loan distributions, interest rates, and payback schedules. This cooperative structure empowers community members, guaranteeing that all financial decisions are directly aligned with their common needs rather than being dictated by external entities such as banks or non-governmental organisations (NGOs).
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