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      Question

      Which type of borrower is typically associated with

      Self-Help Groups (SHGs) in priority sector lending?
      A Corporates Correct Answer Incorrect Answer
      B Partnership Firms Correct Answer Incorrect Answer
      C Individuals Correct Answer Incorrect Answer
      D Joint Liability Groups Correct Answer Incorrect Answer
      E Non-Governmental Organizations Correct Answer Incorrect Answer

      Solution

      SHGs generally comprise individual members, especially from rural or disadvantaged backgrounds, who collaborate for microfinance activities. Banks extend credit to SHGs under PSL norms to promote financial inclusion.

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