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Sustainable Rural Development

Which of the ...

Question

Which of the following is false regarding SHG’s

A

Small and informal association of poor persons

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B

Introduced in 1982

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C

Provide rural credit by mobilising their own resources

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D

Improve rural’s poor access to formal credit system

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Solution

The correct option is B
Introduced in 1982

SHGs were started at the initiative of NABARD in 1992 to link the unorganised sector with the formal banking sector.

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