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Which type of borrower is typically associated with Self-Help Groups (SHGs) in priority sector lending?

Q: Answer-Which type of borrower is typically associated with Self-Help Groups (SHGs) in priority sector lendi...

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.

A Corporates

B Partnership Firms

C Individuals

D Joint Liability Groups

E Non-Governmental Organizations

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Which type of borrower is typically associated with Self-Help Groups (SHGs) in priority sector lending?

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