A pilot project linking Self-Help Groups (SHGs) with banks was launched by NABARD. Its success resulted in three radical innovations by RBI/NABARD. Which of the following is NOT one of them?

Question

Economics · Banking and Finance

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Avoidance of punitive action or recovery processes in the event of defaults

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Banking and Finance?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Banking and Finance

Which movement aimed to promote Khadi, a hand-spun and handwoven cloth native to India?

Who were prominent leaders associated with the initial phase of the Telangana Rebellion (1946-1951) against the Nizam's rule and feudal landlords?

What was the immediate trigger for the Revolt of 1857?

Answer 1

Introduction of collateral-free lending to these groups

Answer 2

Acceptance of informal groups as clients of banks for both savings and credit linkage

Answer 3

Avoidance of punitive action or recovery processes in the event of defaults

Answer 4

Permission to lend to groups without specification of purpose/activity/project

Related Practice Questions