Question : NABARD (National Bank for Agriculture and Rural Development) launched a pilot project in 2004-05 called__________ mainly to fulfil the credit needs of the small, and marginal farmers, and tenant farmers.
Option 1: Joint Liability Groups
Option 2: Micro Enterprise Development Programme
Option 3: Swarnajayanti Gram Swarozgar Yojana
Option 4: Business Leadership Program
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Correct Answer: Joint Liability Groups
Solution : The correct answer is Joint Liability Groups .
The financing of Joint Liability Groups (JLGs) was introduced as a pilot project in the fiscal year 2004–05 by NABARD (National Bank for Agriculture and Rural Development) in collaboration with 13 Regional Rural Banks (RRBs) across eight states.
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