Yes, low-income individuals can save by setting aside even small, regular sums. Consistent micro-savings, controlling unnecessary spending and utilizing community self-help groups gradually build vital financial cushions against debt traps and economic shocks.
Class 9 Social Science Part 2 All Chapters Solutions
Class 9 Social Science part 2 chapter 5 question answer
Yes, individuals with low income can definitely save, because saving depends on consistency rather than income size. Setting aside even tiny daily or weekly amounts in postal accounts, piggy banks or Self-Help Groups (SHGs) accumulates over time. These micro-savings protect vulnerable families from exploitative local moneylenders during sudden medical emergencies or crop failures.
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