Explanations:The National Bank for Agriculture and Rural Development (NABARD) is a financial institution in India that provides assistance to rural areas, particularly focusing on agriculture and rural development. One of its key initiatives is to support Self Help Groups (SHGs) through various forms of financial and non-financial assistance. SHGs are informal associations of people with similar socio-economic backgrounds who come together to save small amounts of money and provide loans to each other at a low interest rate. These groups are often formed to empower rural communities and improve their economic conditions.
In the context of the question, NABARD has disbursed a grant of Rs 2.51 crore to SHGs in Karnataka. This grant is aimed at promoting the activities of SHGs, enhancing their skills, and facilitating the digitisation of their records. The digitisation of records is particularly important as it helps in maintaining accurate and up-to-date information, which can be crucial for the effective functioning of SHGs and their interactions with financial institutions.
The grant assistance provided by NABARD to SHGs in Karnataka is part of a broader strategy to support rural development and empower communities. By providing such assistance, NABARD aims to improve the financial literacy and economic resilience of rural communities, thereby contributing to the overall development of the state.
It is important to note that while NABARD provides assistance to multiple states, the question specifically mentions Karnataka. Therefore, the correct answer is Karnataka, as it is the state that received the grant assistance for the promotion, skill development, and digitisation of records for SHGs.