Multiple choice

Which of the following is the advantage of financing through SHG?

  1. Poor individual gains strength

  2. Reduces transaction costs

  3. Lenders have to maintain only one single SHG account

  4. Options (1), (2) and (3)

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Yes, the advantage of financing through SHG is to strengthen the economical condition of poor, reduce the transaction cost and the lenders have to maintain only a single SHG account.