SBI, Nabard ties up to promote JLG in __________. – InterviewSolution

InterviewSolution

1.	SBI, Nabard ties up to promote JLG in __________.
Answer» State Bank of India and Nabard have signed an agreement with five NGOs in Bengal for the promotion of 2,500 joint liability groups (JLGs). JLGs are informal groups of 4-10 members engaged in similar economic activities and willing to jointly undertake the responsibility to repay loans taken by the group from a bank. Nabard has fixed a target of credit linking 80,000 JLGs in West Bengal in 2017-18. It has sanctioned assistance for the promotion of 60,000 JLGs by various NGOs in the State through 339 projects in different districts.

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