SarkariPYQ

SSC CGL 2023 PYQ — Question 34

SSC CGL - 27 July 2023 - Shift 1 • General Awareness • Q34

Back to paper

Which institution launched the Self-Help Group – Bank Linkage Programme in 1992-93?

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e. NABARD.

 

  • Formation of SHGs: The initiative encourages the formation of Self-Help Groups (SHGs), which are small, informal groups of individuals (usually women) who come together to save collectively and support each other financially.
  • Linkage with Banks: SHGs are linked with formal banking institutions to access credit and other financial services.
  • This linkage helps in ensuring that the groups can avail loans and other banking facilities at affordable rates.