The novel Self-Help Group Bank Linkage Program (SHG-BLP) project which grew into a dominant micro finance model, was piloted by __________.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. NABARD.
The Self-Help Group-Bank Linkage Program (SHG-BLP) was piloted by NABARD (National Bank for Agriculture and Rural Development) in 1992 as a way to provide access to formal banking services for the rural poor, especially women.The SHG-BLP grew rapidly and became the largest microfinance program in the world, empowering millions, particularly women, through financial inclusion and credit access.