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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


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Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

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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