Question
EconomyBanking, Credit and Financial InclusionFinancial Inclusion, Priority Sector and Access to CreditMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Fact recall
- Tags:
- self-help groups and credit · Financial Inclusion, Priority Sector and Access to Credit
- Related topics:
- Civil Society, NGOs, SHGs and Social Audit
Classification and difficulty are editorial labels. Explanations are awaiting review.
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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?
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Question 74 · Financial Inclusion, Priority Sector and Access to Credit · Economy · UPSC Prelims 2023 (GS)