Economics · Financial Inclusion
Regarding Self-Help Groups (SHGs) under the DAY-NRLM framework and their linkage with the banking system, consider the following statements: 1. An SHG is typically eligible for a bank loan after completing at least six months of active functioning and maintaining regular savings. 2. Under Phase-I of credit linkage, the loan quantum is generally up to four times the corpus of the SHG. 3. Interest subvention under DAY-NRLM is available only to women SHGs operating in Aspirational Districts. 4. SHGs can receive a Revolving Fund (RF) of Rs 15,000 only upon graduation to a Cluster Level Federation. Which statement(s) is/are correct?
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1 and 2 only
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