BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1-5
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10-20
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20-25
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5-10
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Detailed explanation-1: -The ideal size of an SHG is 10 to 20 members. (Advantage: In a bigger group, members cannot actively participate. Also, legally it is required that an informal group should not be of more than 20 people.). The group need not be registered.
Detailed explanation-2: -An SHG is a small group of about 20 persons from a homogeneous class, who come together voluntarily to attain certain collective goals, social or economic. The group is democratically formed and elects its own leaders.
Detailed explanation-3: -Self-help Groups (SHGs) are informal associations of people who come together to find ways to improve their living conditions. They are generally self-governed and peer-controlled.
Detailed explanation-4: -Explain. Self Help Groups typically comprise 15-20 people, who pool in their resources to help each other time and again. It has proven to be a successful way to financially organize rural poor in a better manner. Once this group becomes regular in savings, it becomes eligible for loan from the bank.