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In many Indian communities, members of a self-help group save money together and may provide small loans to members. What does this practice demonstrate?

Answer and explanation

Correct answer: Collective saving and mutual financial support

Self-help groups bring people together for regular saving, mutual support and sometimes small-scale lending. Such groups can improve access to financial resources and encourage collective decision-making. Their study connects economic activity with community organisation in India.

Related tags

Self Help GroupsCollective SavingsFinancial InclusionIndian Communities

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