BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When was Self Help Group introduced in India?
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1996
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2000
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1980
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1992
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Explanation:
Detailed explanation-1: -In 1991-92 NABARD started promoting self-help groups on a large scale. And it was the real take-off point for the ‘SHG movement’. In 1993, the Reserve Bank of India also allowed SHGs to open saving accounts in banks.
Detailed explanation-2: -The origin of SHGs in India can be traced back to the establishment of the Self-Employed Women’s Association (SEWA) in 1972.
Detailed explanation-3: -The Genesis of SHG in India can be traced to formation of Self-Employed Women’s Association (SEWA) in 1970.
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