What is the Purpose of the ‘E Shakti’ Programme?

Correct option is A

The correct answer is (a) Digitization of Self-Help Group.

• The ‘ E Shakti’ programme was launched by NABARD (National Bank for Agriculture and Rural Development) in 2015 with the primary objective of digitizing Self-Help Groups (SHGs) to improve their efficiency and transparency.
• Under this programme, the financial and non-financial transactions of SHGs are recorded digitally, which helps in better monitoring, credit linkage, and tracking of their progress.
• It aims to provide better access to credit and financial services to rural women by ensuring proper documentation and data management.

Information about the other options:

• Giving electricity to women farmers: Incorrect. There is no specific programme named ‘E Shakti’ for this purpose.
• Providing credit cards to women: Incorrect. While NABARD supports SHG credit linkage, this is not the primary objective of the E Shakti programme.
  Providing loans to buy e-rickshaws: Incorrect. The programme focuses on SHG digitization, not loans for e-rickshaws.
  

Information Booster:

National Bank for Agriculture and Rural Development (NABARD):

• It is a statutory body established in 1982 under the Parliamentary Act- National Bank for Agriculture and Rural Development Act, 1981.
• Headquarter: Mumbai
•  It is the apex banking institution to provide finance for Agriculture and rural development.
•  It primarily focuses on development of the small industries, cottage industries, and any other such village or rural projects.