E-shakti, a project on digitisation of self-help groups, was launched by-

Correct option is D

The correct answer is (d) NABARD.
· E-Shakti is a project initiated by NABARD (National Bank for Agriculture and Rural Development) to digitize the working of Self-Help Groups (SHGs).
· The aim of this project is to improve the financial inclusion of SHGs by tracking their activities through digital platforms.
· The project helps SHGs in maintaining records and facilitates easier access to credit, enhancing their overall productivity.
· It was first launched in 2015 in two districts and has since expanded to various other regions.
· E-Shakti enables the integration of SHGs into the formal banking system by providing better data on their functioning.
· This initiative also aligns with the government's focus on Digital India and enhancing rural development.
Additional Knowledge:
· RBI (Reserve Bank of India): The central bank of India, responsible for regulating monetary policy and issuing currency.
· IMF (International Monetary Fund): An international organization aimed at fostering global monetary cooperation and financial stability.
· SEBI (Securities and Exchange Board of India): The regulatory authority for securities markets in India, responsible for protecting investors and ensuring fair trade practices in the stock market.
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