Consider the following statements : 1. The Self-Help Group (SHG) programme 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. How many of the above statements are correct?
a
Only one
b
Only two
c
All three
d
None
Financial Inclusion & Rural DevelopmentSelf-Help Groups (SHGs)Self-Help GroupSHGmicrocreditNABARDfinancial inclusionjoint liabilityRegional Rural BanksScheduled Commercial Bankspoverty alleviation