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Economics › Financial Inclusion,PSL

Economics › Financial Inclusion,PSL

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 financial 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?

Options

(a)

Only one

(b)

Only two

(c)

All three

(d)

None

Answer

(B)