UPSC CSE Prelims 2023 Q74 — Indian Economy PYQ with Answer

Consider the following statements :

1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived.

2. In an SHG, all members of a group take responsibility for a loan that an individual member takes.

3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs.

How many of the above statements are correct?