In 1992, which organisation launched Self Help Group – Bank Linkage Programme?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. NABARD.
In 1992, the National Bank for Agriculture and Rural Development (NABARD) launched the Self Help Group (SHG) – Bank Linkage Programme in India. The aim was to provide easy access to credit for the rural poor, particularly women, by linking informal groups with formal banking institutions. This programme encouraged collective savings, credit utilization, and empowerment at the grassroots level. Over time, it became the world’s largest microfinance initiative, playing a crucial role in poverty alleviation and women’s socio-economic development in rural areas.