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Question : The novel Self-Help Group Bank Linkage Program (SHG-BLP) project, which grew into a dominant microfinance model, was piloted by ________.

Option 1: The National Bank for Agriculture and Rural Development

Option 2: Micro Finance Institutions

Option 3: The Insurance Regulatory and Development Authority

Option 4: The Securities and Exchange Board of India


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 7th Jan, 2024

Correct Answer: The National Bank for Agriculture and Rural Development


Solution : The correct answer is The National Bank for Agriculture and Rural Development.

The Self-Help Group Bank linkage program (SHG-BLP) is a major part of the strategy for delivering financial services to marginalised people in India. It was initiated by the National Bank for Agriculture and Rural Development (NABARD) in 1989 and started as a pilot project in 1992. RRBs and commercial and cooperative banks are all part of this famous Self-Help Group Bank linkage program (SHG-BLP).

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