Question : Which institution has launched the project E-Shakti for the digitisation of all members of self-help groups in India?
Option 1: Small Industries Development Bank of India
Option 2: The Securities and Exchange Board of India
Option 3: Industrial Finance Corporation of India
Option 4: National Bank for Agriculture and Rural Development
Correct Answer: National Bank for Agriculture and Rural Development
Solution : The correct answer is the National Bank for Agriculture and Rural Development .
Through their pilot project, e-Shakti, the National Bank for Agriculture and Rural Development (NABARD) pioneered the digitization of self-help groups (SHGs) in India. This initiative began with the goal of addressing specific challenges, such as the quality of SHG bookkeeping, and assisting banks in making informed lending choices about the groups.
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