UPSC PRELIMS · ECONOMICS · FINANCIAL INCLUSION — SHGS
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?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
SHGs are not originally an SBI-created programme; members generally share collective responsibility for group borrowing, and banks including RRBs and scheduled commercial banks support SHGs. Hence statements 2 and 3 are correct.
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