There are two statements given below, marked as Assertion (A) and Reason (R). Read the statements and choose the correct option. Assertion (A): Self-Help Groups are instrumental in promoting economic democracy. Reasoning (R): They contribute to a more equitable distribution of economic power and opportunities.

Assertion (A): Self-Help Groups are instrumental in promoting economic democracy.
Reason (R): They contribute to a more equitable distribution of economic power and opportunities.

(c) Both A and R are true and R explains A.

Explanation:
– Self-Help Groups (SHGs) play a significant role in fostering economic democracy by empowering individuals economically.
– SHGs contribute to an equitable distribution of economic power and opportunities among members, ensuring financial inclusion and fostering economic independence, thus affirming their crucial role in promoting economic democracy.