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Which of the following Financial Inclusion programmes are the initiative of NABARD ?
  • a)
    Service Area Approach
  • b)
    Regional Rural Bank
  • c)
    SHG-Bank linkage programme
  • d)
    The Cooperative Credit Societies
  • e)
    Pradhan Mantri Jan Dhan Yojana
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following Financial Inclusion programmes are the initiati...
Accordingly, NABARD launched a pilot project to cover Self-Help Groups (SHGs) promoted by Non-Governmental Organizations, banks and other agencies under the pilot project and supported it by way of refinance. 
The quick studies conducted by NABARD in a few states to assess the impact of the linkage project brought out encouraging and positive features like increase in loan volume of the SHGs, definite shift in the loaning pattern of the members from non-income generating activities to production activities, nearly 100% recovery performance, significant reduction in the transaction costs for both the banks and the borrowers etc, besides leading to gradual increase in the income level of the SHG members. 
Another significant feature observed in the linkage project was that about 85% of the groups linked with the banks were formed exclusively by women.
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Which of the following Financial Inclusion programmes are the initiative of NABARD ?a)Service Area Approachb)Regional Rural Bankc)SHG-Bank linkage programmed)The Cooperative Credit Societiese)Pradhan Mantri Jan Dhan YojanaCorrect answer is option 'C'. Can you explain this answer?
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