The correct answer is option 2: 2 and 3
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Self Help Groups (SHGs) played an important role in women empowerment: SHGs have been instrumental in empowering women by providing them with a platform to come together, save, and access credit, which helps in improving their economic status and social standing.
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They pooled money with the help of small contributions done by members of the group: SHGs work on the principle of pooling small contributions from their members to create a common fund. This pooled money is then used to provide loans to members or for other group activities.
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They did not fail to fill the gap in the formal credit system: On the contrary, SHGs have been successful in addressing gaps left by formal credit systems, especially in reaching underserved populations in rural areas.
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