Consider the following statements : 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived. 2. In an SHG, all members of a group take responsibility for a loan that an individual member takes. 3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs. How many of the above statements are correct?

1. Statement 1: The Self-Help Group (SHG) movement in India was pioneered by NGOs in the 1980s. The major impetus came with NABARD's SHG-Bank Linkage Programme launched in 1992. While the State Bank of India (SBI) has been a significant participant, it did not originally initiate the programme nationally as the sole originator. Therefore, this statement is incorrect. 2. Statement 2: The core principle of SHGs involves collective responsibility and mutual support. When an individual member takes a loan, all members of the group typically share responsibility for its repayment, enforced through peer pressure and group dynamics. This statement is correct. 3. Statement 3: The SHG-Bank Linkage Programme involves lending by various financial institutions. Both Regional Rural Banks (RRBs) and Scheduled Commercial Banks (SCBs), along with cooperative banks, actively support and provide credit facilities to SHGs. This statement is correct. 4. Since statements 2 and 3 are correct, the answer is (B) Only two.