In the self-help group, the loan and saving decisions are taken by the ___________.

Correct option is A

The correct answer is (a) group members.
• Self-Help Groups (SHGs) are small, informal associations of people who come together to address their common financial needs through mutual help and support.
• The primary aim of SHGs is to provide their members with a platform for saving money and accessing small loans at lower interest rates than those offered by traditional financial institutions.
• In an SHG, the decisions regarding savings, lending, and the interest rates on loans are made collectively by the group members.
• This decentralized decision-making process empowers the members and ensures that the financial activities are tailored to meet their specific needs and circumstances.
Information Booster:
• Non-government organization: NGOs may facilitate the formation of SHGs and provide training or support, but they do not make loan and saving decisions.
• Bank: Banks provide financial assistance to SHGs but are not involved in their internal decision-making processes.
• Government: The government promotes and supports SHGs through various schemes, but it does not directly participate in their loan and saving decisions.