Question 272 of 1003

2023Economic and Social Development

94. Consider the following statements:

1. The Self-Help Group (SHG) program was originally initiated by the State Bank of India by providing microcredit to the financially deprived.

2. In an SHG, all members of a group take responsibility for a loan that an individual member takes.

3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs.
Which of the statements given above is/are correct?

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