Which of the following is an informal group consisting of 4 to 10 individuals who seek loans against mutual guarantee?
A.Grameen model bank
B.Joint liability group✓ Correct
C.Self-help group
D.Rural cooperatives
Explanation
A Joint Liability Group (JLG) is an informal group of 4 to 10 individuals who take loans based on mutual guarantee, widely used in microfinance to support small farmers and entrepreneurs.
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