Question:
The scheme of ‘Micro Finance’ is extended through credit provision.
The scheme of ‘Micro Finance’ is extended through credit provision.
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Selfhelp groups are crucial in extending microfinance to marginalized communities.
Updated On: Feb 1, 2025
- Self help groups
- Land Development Banks
- Regional Rural Banks
- Commercial Banks
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The Correct Option is A
Solution and Explanation
Microfinance is typically extended through selfhelp groups (SHGs), which are communitybased organizations that provide credit to lowincome households.
SHGs play a vital role in providing small loans without requiring collateral, thereby helping individuals who are not served by traditional financial institutions.
Conclusion: Option (A) is correct, as SHGs are the primary providers of microfinance.
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