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?
Options
- Only one
- Only two
- All three
- None
Correct Answer
Only two
Explanation
Statements 2 and 3 are correct. NABARD initiated the SHG-Bank linkage programme, not SBI.
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