In 1987, an Action Research Programme was launched by NABARD with ___________ based on which a pilot project for linking 500 SHGs with banks was launched.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. MYRADA.
In 1987, the National Bank for Agricultural and Rural Development (NABARD) launched an Action Research Programme with MYRADA, a non-governmental organization that focuses on rural development and poverty alleviation. The program was based on the idea that the poor primarily want to save their money and that group members can better assess and customize loans for livelihoods. In 1987, NABARD provided MYRADA with Rs 1 million for the program.