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. Incorrect. The SHG-Bank Linkage Programme was originally launched by NABARD in 1992, not by the State Bank of India. SBI later became an important participant, but it did not initiate the programme.

2. Correct. SHGs generally work on the principle of group responsibility/peer pressure; members collectively ensure repayment even when a loan is taken by one member.

3. Correct. Regional Rural Banks (RRBs) and Scheduled Commercial Banks do support and lend to SHGs under the SHG-bank linkage framework.

Hence, only two statements are correct.