Multiple choice

SBI's Raichur Branch financed Rs. 10.00 crores to "SAMUHA" engaged in MFI activities for on lending to 1724 SHGs promoted by them. “SAMUHA” is

  1. an NGO

  2. a financial institution

  3. a local unit of UNICEF

  4. None of these
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A Correct answer
Explanation

SAMUHA is an NGO (non-governmental organization) engaged in microfinance activities. The question describes SBI's Raichur branch financing Rs. 10 crores to SAMUHA for on-lending to 1,724 Self-Help Groups (SHGs), which is characteristic of NGO-led microfinance initiatives rather than formal financial institutions or UN agencies.

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