With reference to Self-Help Groups (SHGs) in India, consider the following statements:
1. SHGs primarily focus on micro-credit activities, providing small loans to members for self-employment ventures.
2. SHGs also act as social intermediaries, connecting rural individuals with various government schemes and financial services.
3. SHGs can access credit from Regional Rural Banks at lower interest rates compared to commercial banks.
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
None