Which institution launched the Self-Help Group - Bank Linkage Programme in 1992-93?

Question

Question

This question was previously asked in

SSC CGL 2023 Tier-I Official Paper (Held On: 27 Jul 2023 Shift 1)

Answer 1

The correct answer is NABARD.Key Points

NABARD (National Bank for Agriculture and Rural Development) is a development financial institution in India that was established in 1982.
It was set up to promote rural development and agriculture in the country.
The Self-Help Group - Bank Linkage Programme was launched by NABARD in 1992-93 to provide financial assistance to self-help groups (SHGs) in rural areas.

Additional Information

SBI (State Bank of India) is a government-owned banking and financial services company in India.
- It is the largest bank in the country in terms of assets, deposits, branches, customers, and employees.
- SBI has been involved in various initiatives to promote financial inclusion and empower the underprivileged sections of society, including SHGs.
SIDBI (Small Industries Development Bank of India) is a government-owned financial institution that was set up in 1990 to promote and finance small-scale industries in the country.
- It provides various services and schemes for the development of micro, small, and medium enterprises (MSMEs) in India.
IDBI (Industrial Development Bank of India) is a government-owned financial institution that was established in 1964 to provide financial assistance to industrial projects in the country.
- It was converted into a commercial bank in 2004 and is now known as IDBI Bank Limited.
- IDBI has been involved in various initiatives to support MSMEs and promote entrepreneurship in India.