Which institution had launched the project E-Shakti for the digitization of all members of self-help groups in India?

The correct answer is NABARD.Key Points

• NABARD (National Bank for Agriculture and Rural Development) launched the project E-Shakti for the digitization of all members of self-help groups in India.
• The project aimed to digitize the data of around 3 crore members of Self Help Groups across the country.
• E-Shakti helped in creating a comprehensive database of all the members of SHGs which helped in tracking their financial transactions and also provided them with easy access to credit facilities.
• The project also aimed to improve the efficiency of the SHGs and make them more self-sustainable by providing them with necessary training and capacity building.
• Overall, E-Shakti played a crucial role in promoting financial inclusion and empowering women in rural areas through the SHG model.

Additional Information

• SIDBI (Small Industries Development Bank of India) is a financial institution that focuses on providing financial assistance and support to small-scale industries. 
  • Working Capital Assistance, Term Loan Assistance, Foreign Currency Loan, Receivables Support, Equity Support, Energy Saving Scheme, and other services are provided by SIDBI to the MSME sector.
• SEBI (Securities and Exchange Board of India) is a regulatory body that oversees the functioning of the securities market in India.
  • It was created by the Indian government in 1992 to oversee the securities market and safeguard the interests of investors who buy securities.
• IFCI (Industrial Finance Corporation of India) is a financial institution that provides long-term financial assistance to medium and large-scale industries. 
  • The Government of India established The Industrial Finance Corporation of India (IFCI) on July 1, 1948 by enacting the IFC Act 1948.