Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q97 (CDS-I/2005) Economy › Schemes, Inclusion & Social Sector › Inclusive growth strategies Answer Verified

Which one among the following promoted the concept of Self-help groups (SHGs) for financing the poor ?

Result
Your answer: —  Â·  Correct: B
Explanation

The National Bank for Agriculture and Rural Development (NABARD) is the primary agency that promoted the concept of Self-Help Groups (SHGs) for financing the poor in India. While the concept evolved over decades, the movement gained significant momentum in 1992 when NABARD launched the SHG-Bank Linkage Programme (SBLP) [t2]. This initiative was designed to connect rural poor, particularly women, to formal financial services by using SHGs as intermediaries [t1][t2]. NABARD provides promotional grant assistance to Self-Help Group Promoting Institutions (SHPIs) and offers 100% refinance support to banks for financing these groups [t1][t5]. Although the Reserve Bank of India (RBI) supported the movement by allowing SHGs to open savings accounts and enabling banks to lend to them, NABARD acted as the 'champion' and lead coordinator for the ecosystem's development [t1][t4][t7].

Sources

  1. [1] https://www.nabard.org/contentsearch.aspx?AID=225&Key=shg+bank+linkage+programme
  2. [2] https://openknowledge.worldbank.org/entities/publication/94b33fbf-3818-5512-822c-591fd4e7b87f
  3. [3] https://www.rbi.org.in/commonman/english/scripts/Notification.aspx?Id=767
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
75%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

IAS · 2023 · Q74 Relevance score: 2.75

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?

IAS · 2015 · Q1 Relevance score: -1.38

'Pradhan Mantri Jan-Dhan Yojana' has been launched for

IAS · 2011 · Q83 Relevance score: -3.18

Which of the following can aid in furthering the Government’s objective of inclusive growth? 1. Promoting Self-Help Groups. 2. Promoting Micro, Small and Medium Enterprises. 3. Implementing the Right to Education Act Select the Correct answer using the codes given below :

CDS-II · 2024 · Q56 Relevance score: -3.47

Pandit Deendayal Upadhyay National Welfare Fund was established with the view to help which one of the following groups? (a) Medical Practitioners (b) Farmers (c) Sportspersons (d) War Widows

CDS-I · 2025 · Q107 Relevance score: -3.54

Which one among the following educational institutions established under the Union Ministry of Culture is promoting to preserve, protect and promote Lord Buddha's teaching and value of love, compassion and non-violence for developing good moral values and practices ?