Question

What is the main purpose of LokOS?

• A. To digitize the entire network of Self-Help Groups (SHGs) across India.
• B. To provide online education to rural communities.
• C. To facilitate e-commerce for rural artisans.
• D. To manage government welfare schemes.

Answer 1

Answer:

A. To digitize the entire network of Self-Help Groups (SHGs) across India.

The main purpose of LokOS is to achieve end-to-end digitization of the entire Self-Help Group (SHG) network under the National Rural Livelihoods Mission (DAY-NRLM).

It moves traditional, paper-based bookkeeping and record-keeping onto a mobile and web-based platform to:

• Enhance Transparency: Provide real-time data on member profiles, savings, lending, and repayments.

• Improve Efficiency: Reduce the manual workload on record keepers (Bookkeepers) and expedite financial services like loan disbursement.

• Empower Rural Livelihoods: Centralize data to better identify member needs, provide financial assistance, and connect them with government livelihood schemes.