UPSC Prelims 2023 – Question 74

Q74. Consider the following statements: 

1. The Self-Help Group (SHG) Programme was originally initiated by pr 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? 

1. Only one 

2. Only two 

3. All three 

4. 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. 

For UPSC Prelims Resources, Click here

For Daily Updates and Study Material:

Join our Telegram Channel – Edukemy for IAS

• 1. Learn through Videos – here
• 2. Be Exam Ready by Practicing Daily MCQs – here
• 3. Daily Newsletter – Get all your Current Affairs Covered – here
• 4. Mains Answer Writing Practice – here

Visit our YouTube Channel – here