Attempt this previous-year question. The correct option stays hidden until you choose.
Consider the following statements :
1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived.
2. In an SHG, all members of a group take responsibility for a loan that an individual member takes.
3. The Regional Rural Banks and Scheduled Commercial banks support SHGs.
How many of the above statements are correct?
Pick an option to check yourself.
• Correct Answer: B
• SHG movement began with grassroots NGOs like SEWA in 1972; NABARD launched SHG-Bank Linkage in 1992.
• SHGs operate on joint liability—all members are responsible for individual loans.
• RRBs and SCBs are key financial pillars under the SHG-Bank Linkage Programme. Statement 1 is incorrect as SBI did not initiate the SHG programme.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram