BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banking Model
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Indian Microfinance Model
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Financial Inclusion model
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VK Mehta Model
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Detailed explanation-1: -A SHG is a group of about 10 to 20 people, usually women, from a similar class and region, who come together to form savings and credit organization. They pooled financial resources to make small interest bearing loans to their members. This process creates an ethic that focuses on savings first.
Detailed explanation-2: -What are SHGs? Self-Help Groups are informal associations of people who choose to come together to find ways to improve their living conditions. They help to build Social Capital among the poor, especially women. to act as a conduit for formal banking services to reach them.
Detailed explanation-3: -Self Help Group – Bank Linkage Programme (SHG-BLP) What started as a pilot to link around 500 SHGs of poor to the formal financial institutions during the year 1992-93 has now become the largest microfinance programme in the world, in terms of the client base and outreach. The SHGs which follow ‘Panchsutras’ viz.