A woman-led Self-Help Group (SHG) with a surplus of ₹50 Lakhs and a zero-default internal record requires a loan of ₹20 Lakhs for a chilling plant but lacks formal credit history. Which strategy should a bank manager adopt to support them under inclusive banking policy?

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General Studies · Financial Inclusion and Credit Policy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Design a Group-Based Credit Score model based on internal thrift and deploy 'Bank Sakhis' for local assistance.

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Answer 1

Advise them to wait for a government subsidy scheme and avoid taking bank loans.

Answer 2

Design a Group-Based Credit Score model based on internal thrift and deploy 'Bank Sakhis' for local assistance.

Answer 3

Suggest taking individual personal loans against gold at high interest rates.

Answer 4

Reject the application due to lack of a CIBIL score or audited balance sheets for 3 years.

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