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

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Q: 97 (CDS-I/2005)
Which one among the following promoted the concept of Self-help groups (SHGs) for financing the poor ?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,58,45,10,58,30,5

keywords: 

{'help groups': [0, 0, 1, 0], 'rural development': [1, 3, 8, 15], 'shgs': [0, 0, 1, 1], 'union ministry': [1, 0, 9, 11], 'labour': [6, 0, 8, 23], 'rbi': [1, 4, 2, 23], 'self': [1, 0, 3, 4]}

Option 1: The Reserve Bank of India (RBI) is the central banking institution of India. While the RBI plays a crucial role in regulating and supervising the financial system in India, it is not directly involved in promoting the concept of Self-help groups (SHGs) for financing the poor. Therefore, option 1 is incorrect.

Option 3: The Union Ministry of Rural Development is responsible for the implementation of various rural development programs and policies in India. While it may support and facilitate the promotion of Self-help groups (SHGs), it is not primarily responsible for promoting the concept. Therefore, option 3 is incorrect.

Option 4: The Union Ministry of Labour focuses on issues related to labor welfare, social security, and employment in India. It is not directly involved in promoting the concept of Self-help groups (SHGs) for financing the poor. Therefore, option 4 is incorrect.

Option 2: The correct answer is option 2, NABARD (National Bank for Agriculture and Rural Development). NABARD plays a significant role in promoting the concept of Self-help groups (SHGs) for financing the poor. It provides financial assistance, training, and support to SHGs, enabling them to become self-sustainable. NABARD also