Correct option is B
The correct answer is (b) NABARD.
NABARD (National Bank for Agriculture and Rural Development) launched the Self-Help Group (SHG) — Bank Linkage Programme in 1992-93.
This program aimed to link the unbanked rural poor with the formal banking sector, promoting financial inclusion.
The SHG-Bank Linkage Programme has become one of the largest microfinance initiatives in the world, helping millions of rural households access credit and improve their livelihoods.
Information Booster
SBI (State Bank of India):
Establishment Year: 1955
Headquarters: Mumbai, Maharashtra, India
SBI is the largest public sector bank in India. It has various schemes for financial inclusion but did not launch the SHG-Bank Linkage Programme.
NABARD (National Bank for Agriculture and Rural Development):
Establishment Year: 1982
Headquarters: Mumbai, Maharashtra, India
NABARD is responsible for promoting sustainable and equitable agriculture and rural development through financial and non-financial interventions.
SIDBI (Small Industries Development Bank of India):
Establishment Year: 1990
Headquarters: Lucknow, Uttar Pradesh, India
SIDBI focuses on the promotion, financing, and development of the Micro, Small, and Medium Enterprises (MSME) sector. It supports various microfinance and MSME initiatives but did not initiate the SHG-Bank Linkage Programme.
IDBI (Industrial Development Bank of India):
Establishment Year: 1964
Headquarters: Mumbai, Maharashtra, India
IDBI provides financial services for industrial development. It has played a role in various developmental finance schemes but is not associated with the SHG-Bank Linkage Programme.