UPSC Previous Year Question | Prelims GS | 2023

Consider the following statements: 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived. 2. In an SHG, all members of a group take responsibility for a loan that an individual member takes. 3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs. How many of the above statements are correct?

  1. Only one
  2. Only two
  3. All three
  4. None

Answer

Correct Answer

Only two

Explanation

SHG members typically take joint responsibility for a loan taken by an individual member (statement 2 true), and RRBs and Scheduled Commercial Banks do support SHGs (statement 3 true). However, the SHG movement was not originally initiated by State Bank of India, so statement 1 is incorrect.

Topics: harijan upliftment, history, indian national movement, poona pact