Multiple choice

Many times we read in news-papers about Micro Finance. Today micro finance is the most preferred route to meet the credit requirements of which of the following sections of the society?

  1. High value individual customers

  2. Big Corporate Houses

  3. Industrial units upto the investment of Rs. 50 crores

  4. Poor and weaker sections of society
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Microfinance is specifically designed to provide small-scale credit to individuals and groups who lack access to traditional banking, primarily the poor and weaker sections of society.

Keep practicing — related questions