What is the NABARD's pilot project for digitization of SHGs called?
- AOption (a)
e-Shakthi
- BOption (b)
e-Samriddhi
- COption (c)
e-Shanthi
- DOption (d)
e-Samraksha
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Correct answer
e-Shakthi
Why this answer is correct
The National Bank for Agriculture and Rural Development (NABARD) has launched a scheme called e-Shakti to digitalize operations of Self Help Groups (SHGs).
E-Shakti:
- Pilot Project on the digitization of SHGs keeping in view the Govt. of India's mission to "transform India into digitally empowered society and knowledge economy", NABARD has launched a project for the digitization of all SHGs in the country.
- To begin with, the SHGs in two districts viz. Ramgarh (Jharkhand) and Dhule (Maharashtra) have been covered.
- The program is being extended to 22 more districts across the country.
Aims and objectives of e-Shakti:
- Integrating SHG members with the national financial inclusion agenda
- Improving the quality of the interface between SHG members and banks for efficient and hassle-free delivery of banking services.
- Facilitate convergence of delivery system with SHGs using Aadhaar linked identity.
Therefore, e-Shakti is the NABARD's pilot project for the digitization of SHGs.