SHG Finance

How are all credit facilities sanctioned under DAY-NRLM governed?

• By the Ministry of Rural Development
• By the Indian Banks' Association
• By the National Bank for Agriculture and Rural Development (NABARD)
• By the Reserve Bank of India

How long must defunct SHGs be revived and active before becoming eligible for credit?

• 1 month
• 2 months
• 3 months
• 4 months

How long should an SHG be in active existence based on their books of account before becoming eligible for credit linkage?

• 3 months
• 6 months
• 9 months
• 12 months

How many members are typically in a special Self-Help Group (SHG) formed in difficult areas or remote tribal areas?

• 5-10
• 10-15
• 15-20
• 20-25

How many members are typically in an SHG?

• 5 to 10
• 10 to 20
• 20 to 30
• 30 to 40

How much of the loans above ₹6 lakh under DAY-NRLM should be primarily used for income-generating productive purposes?

• 0.25
• 0.5
• 0.75
• 1

How often should banks submit claim certificates for availing interest subvention on credit extended to women SHGs under DAY-NRLM?

• Monthly
• Quarterly
• Semi-annually
• Annually

What are SHGs required to practice, as per the 'Panchasutras'?

• Regular meetings, regular savings, regular internal lending, irregular repayments, proper bookkeeping
• Regular meetings, irregular savings, irregular borrowing, delayed repayments, opaqueness
• Regular meetings, regular savings, regular inter-loaning, timely repayment, proper bookkeeping
• Occasional meetings, irregular savings, sporadic borrowing, delayed repayments, secrecy

What charges are applicable for Unified Processing Charges for loans up to ₹6 lakh for the agriculture segment?

• ₹1000 per lakh
• ₹250 per lakh or part thereof
• ₹350 per lakh or part thereof
• No charges

What documents are required for availing credit facilities under DAY-NRLM?

• KYC of members
• Resolution of the SHG
• Letter of Sponsorship
• All of the above