UPSC Prelims 2023 Question 72 of 100

94. Consider the following statements:

1. The Self-Help Group (SHG) program 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.
Which of the statements given above is/are correct?