The programme of linking Self-Help Groups (SHGs) of the rural poor with the banking system was launched as a pilot project in which year?
Verified Answer
A. 1990
B. 1992
C. 1998
D. 1999
Explanation:
The Self-Help Group (SHG) - Bank Linkage Programme (SBLP) was launched as a pilot project by the National Bank for Agriculture and Rural Development (NABARD) in 1992. This initiative aimed to provide financial services to the rural poor by linking their self-help groups with formal banking channels. Option (1) 1990, (3) 1998, and (4) 1999 are incorrect years for the initiation of this specific pilot project. The year 1992 marks a significant milestone in India's microfinance and rural development efforts. Therefore, 1992 is the correct launch year.