Question

In the context of microfinance in India, the concept of SHG-BLP is used. What does L stand for in SHG-BLP?

• A. Lend
• B. Linkage
• C. Link
• D. Lending

Answer 1

Answer:

B. Linkage

Self-Help Groups (SHGs) are small, voluntary associations of poor people, typically women, who come together to pool their savings and mutually agree to contribute to a common fund in order to meet their emergent needs.