Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — Only two
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: The Self-Help Group-Bank Linkage Programme was conceptualized and launched by the National Bank for Agriculture and Rural Development (NABARD) in 1992, not the State Bank of India. Statement 2 is correct: SHGs operate on the principle of peer collateral and collective guarantee, where all group members share joint liability for individual loans. Statement 3 is correct: Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), and Cooperative Banks actively participate in providing credit and banking services to SHGs under the SHG-Bank Linkage Programme. Therefore, only two statements (2 and 3) are correct.
Institutional attribution traps: Key rural microcredit schemes are typically initiated by NABARD rather than individual commercial banks like SBI.
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