Q74. Consider the following statements:
- The Self-Help Group (SHG) Programme was originally initiated by pr State Bank of India by providing microcredit to the financially deprived.
- In an SHG, all members of a group take responsibility for a loan that an individual member takes.
- The Regional Rural Banks and Scheduled Commercial Banks support SHGs.
How many of the above statements are correct?
- Only one
- Only two
- All three
- None
Correct Answer: Option (b)
- In 1970, Ilaben Bhat, founder member of ‘SEWA’(Self Employed Women’s Association) in Ahmadabad, developed a concept of ‘women and micro-finance’. The Annapurna Mahila Mandal’ in Maharashtra and ‘Working Women’s Forum’ in Tamilnadu and many National Bank for Agriculture and Rural Development (NABARD)-sponsored groups have followed the path laid down by ‘SEWA’. ‘SEWA’ is a trade union of poor, self-employed women workers. Hence, statement 1 is not correct.
- In an SHG, all members are jointly responsible for the loans taken by individual members. Hence, statement 2 is correct.
- Both the Regional Rural Banks and Scheduled Commercial Banks support SHGs. Hence, statement 3 is correct.
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