Money, Banking & RBI
Economic & Social Development · PYQ 2023
Consider the following statements:
1.The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived.
2.In an SHG, all members of a group take responsibility for a loan that an individual member takes.
3.The Regional Rural Banks and Scheduled Commercial Banks support SHGs.
How many of the above statements are correct?