Current Affairs · Government Schemes
Under the DAY-NRLM scheme, what is a primary administrative prerequisite for a Self-Help Group (SHG) to become eligible for subsequent formal bank loans?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Acceptance of all members by the local Village Organisation (VO) or Area Level Federation (ALF).
- 2A minimum internal lending volume of 1,00,000 and a 100% repayment record for at least 2 years.
- 3Completion of active compliance norms and clearance of a formal grading process fixed by NABARD/banks.✓
- 4Mandatory linkage to a Cluster Level Federation (CLF) and receipt of a 15,000 Revolving Fund.
Correct answer
Completion of active compliance norms and clearance of a formal grading process fixed by NABARD/banks.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Government Schemes MCQs →Want more practice questions on Government Schemes?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Government Schemes