Micro-credit or micro-finance is a novel approach to banking with the poor. In this approach bank credit is extended to the poor through ______________.

Self Help Groups

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Anganwadis

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Cooperative Credit Societies

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Reserve Bank of India

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Solution

The correct option is A Self Help Groups
Micro-finance is a type of banking service that is provided to unemployed or low-income individuals, or groups who otherwise have no other access to financial services.

Self Help Group is an important instrument in the delivery of micro finance to the poor women for establishing micro enterprise.

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Similar questions

Micro-finance is a credit scheme extended to poor through Self Help Groups (SHGs).

Micro Finance is a credit scheme extended to poor through Self Help Groups (SHGs).

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