Which of the following banks are part of the famous SHG-Bank linkage programme for microfinance in India?begin{enumerate}item Regional Rural Banks (RRBs)item Cooperative banksitem Commercial banksend{enumerate} Select the correct option from the codes given below:

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following banks are part of the famous SHG-Bank linkage programme for microfinance in India?

A
B	1 and 2 only
C	1 and 3 only
D	2 and 3 only
E	1, 2 and 3

Explanation:

Detailed explanation-1: -Notes: Regional Rural Banks (RRBs), Cooperative banks and Commercial banks are all part of the famous SHG-Bank linkage programme for microfinance in India.

Detailed explanation-2: -NABARD Financial Services Ltd. ( NABARD is the major shareholder of this MFI others being Government of Karnataka, Canara Bank, Union Bank of India, Bank of Baroda, Federal Bank and Dhanalakshmi Bank. NABFINS extends loans to SHGs through its own trained Business & Development Correspondents (BDCs).

Detailed explanation-3: -1.8 The decade of 1990s, witnessed a rapid SHG movement. The setting-up of NABARD and the introduction of SHG-bank linkage programme by NABARD acted as a catalyst for the development of SHGs.

Detailed explanation-4: -A major effort to provide banking services to the weaker and unorganised sector was the Bank Self Help Group Linkage Programme that was launched in early 1990s. The programme was started at the initiative of NABARD in 1992 to link the unorganised sector with the formal banking sector.

Detailed explanation-5: -Co-operative Banks Was this answer helpful?

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