General Studies · SHG-Bank Linkage & DAY-NRLM
Consider the following statements regarding the Self-Help Group (SHG)-Bank Linkage Program: Statement I: According to the RBI guidelines on DAY-NRLM, the 'First Dose' of credit to an SHG should be a minimum of 6 times the existing corpus of the group or a minimum of 1.50 Lakh Rupees, whichever is higher, provided the group has been in existence for at least 6 months. Statement II: Banks are prohibited from asking for collateral or margin money for loans granted to SHGs up to a limit of 20,00,000 Rupees. Statement III: The interest subvention scheme under DAY-NRLM is applicable to prompt-repaying women SHGs in designated districts to reduce effective interest rates to 4% per annum. Which of the combinations given above represents accurate provisions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I
- 2Only I and II
- 3Only II and III
- 4I, II and III✓
Correct answer
I, II and III
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