Answer» Correct Answer - Option 3 : Self Help Group
The correct answer is the Self Help Group. - Self Help Group(SHG)
- It is an informal association of people who choose to come together to find ways to improve their living conditions.
- A Self Help Group is a financial intermediary committee usually composed of 10 to 25 local women between the ages of 18 and 40.
- Most Self-Help Groups are in India, though they can be found in other countries, especially in South Asia and Southeast Asia.
- SHG is generally a group of people who work on daily wages who form a loose grouping or union.
- Many SHGs are linked with banks for the delivery of micro-credit.
- Self-Help Groups are started by non-governmental organizations(NGOs) that generally have broad anti-poverty agendas.
- The Government of India launched Swarn Jayanti Gram Swarozgar Yojana to promote self-employment in rural areas through the formation and skilling of SHGs in 1999.
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