A project for purveying microcredit by linking Self-Help Groups (SHGs) with banks was launched by ________in 1992.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. NABARD.
A project for purveying microcredit by linking Self-Help Groups (SHGs) with banks was launched by NABARD (National Bank for Agriculture and Rural Development) in 1992. This initiative aimed to promote financial inclusion and empower rural communities by facilitating access to credit through SHGs, which are small, informal groups of individuals who come together to save and lend money among themselves. The project sought to improve access to financial services and support sustainable development in rural areas.