Question
Self Help Groups (SHGs) have become important for
Financial Inclusion and women empowerment. Who initiated the pilot project on lending to Self Help Group in India?Solution
A self-help group (SHG) is a village-based financial intermediary usually composed of 10–20 local women. Self Help Group – Bank Linkage Programme (SHG-BLP) was started by NABARD in 1992-93 by piloting with 500 SHGs. Now more than 2 million SHGs having more than 30 million women are linked to banks.Â
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