Which of the following is a difference between self-help groups (SHGs) and microfinance institutions (MFIs) in India?
1
SHGs are non-profit organisations, while MFIs are for-profit organisations.
2
SHGs provide only credit, while MFIs provide a range of financial services.
3
SHGs are typically small, community-based organisations, while MFIs are larger and more formal institutions.
4
SHGs rely on government subsidies for funding, while MFIs rely on commercial sources of funding.