Banking · Self-Help Groups and Rural Banking
A Regional Rural Bank implements a 'Credit Plus' approach for Self-Help Groups (SHGs) under DAY-NRLM and deploys 'Bank Sakhis' for monitoring. What is the primary benefit of involving 'Bank Sakhis' in the recovery and monitoring process of SHG loans?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bank Sakhis provide a 100% credit guarantee on all loans they monitor.
- 2Using Bank Sakhis completely eliminates the need for regular bank staff in rural branches.
- 3Being from the same community, Bank Sakhis can leverage peer pressure and support groups to follow 'Panchasutras' and use credit productively.✓
- 4Bank Sakhis have the legal authority to seize the personal assets of defaulting members.
Correct answer
Being from the same community, Bank Sakhis can leverage peer pressure and support groups to follow 'Panchasutras' and use credit productively.
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