In which year was ‘Self Help Group – Bank Linkage Programme’ (SHG-BLP) introduced in India?

The correct answer is 1992.

Explanation:
The ‘Self Help Group – Bank Linkage Programme’ (SHG-BLP) was introduced in India in 1992 by the National Bank for Agriculture and Rural Development (NABARD).

Key highlights of the programme:
• It was launched as a landmark pilot project by NABARD in 1992 to bridge the gap between the unbanked rural poor and formal financial institutions.
• The project facilitated collateral-free credit delivery to micro-groups, primarily composed of rural women, encouraging thrift and financial self-reliance.
• Today, it stands as one of the largest and most successful microfinance programs globally.