Question

Read the following statements carefully and choose the correct alternatives given below:

Statement 1 - The emergence of Self-Help Groups (SHG’s) ensured the reduction in the fissures of the formal credit system.

Statement 2 - The borrowings from SHGs are mainly confined to consumption purposes by their members.

विकल्प

• Both the statements are true.

• Both the statements are false.

• Statement 1 is true and Statement 2 is false.

• Statement 2 is true and Statement 1 is false.

Answer 1

Both the statements are true.