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?

1. A

   Only one

   Only one. Joint liability and bank support both hold; SBI-as-originator does not.

2. B

   Only two

   Only two. SHGs share responsibility for a member’s loan; RRBs and commercial banks finance them. The programme was not originally an SBI invention — NABARD / MYRADA lead that history.

3. C

   All three

   All three. Statement 1 is the miss.

4. D

   None

   None. Two statements stand.

Summary. Official key is (b) only two. An SHG is a joint-liability group; RRBs and scheduled commercial banks lend to SHGs (often via NABARD refinance). The SHG–bank linkage was not originally initiated by SBI as the scheme’s author.