21. How do SHGs improve access to credit for their members?
a) By providing collateral for loans
b) By pooling members’ savings to create a loan fund
c) By guaranteeing loan repayments on behalf of members
d) By issuing credit cards to members
22. Which of the following is true regarding the repayment of loans to SHGs?
a) Defaulters are penalized heavily with high-interest rates
b) Flexible repayment terms are provided based on the borrower’s income
c) Members are jointly responsible for the repayment of all loans
d) Loan repayment is not mandatory for SHG members
23. How do SHGs contribute to women empowerment?
a) By providing income-generating opportunities to women
b) By enhancing women’s decision-making power within households
c) By improving women’s access to education and healthcare
d) All of the above
24. Which of the following is not a challenge faced by SHGs?
a) Limited access to formal financial institutions
b) Lack of training and capacity building among group members
c) Socio-cultural barriers in certain communities
d) Strict government regulations on SHG operations
25. SHGs are based on the concept of:
a) Self-sustainability
b) Microfinance
c) Microcredit
d) Self-help
