Which of the following statements is not true?
- Self help group was established in 1975.
- Self help group provides macrofinance to farmers.
- Self help group charges low rate of interest.
- Self help group has helped in the empowerment of women.
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- Self help group provides macrofinance to farmers.
Self help groups are keystone of microfinance, women empowerment and social security in India. It is a village based financial intermediary group with 10-20 local persons for providing small loan amounts.
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