Microcredit programme refers to

Credit provision made by small farmers

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Credit provisions made by self help group to its members

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Credit provision made by large farmers

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None

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Solution

The correct option is B
Credit provisions made by self help group to its members

Microcredit is used to describe small loans granted to low income individuals that are excluded from the traditional banking system. It is part of the larger microfinance industry, which provides not only credit, but also savings, insurance, and other basic financial services to the poor.

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Similar questions

Q. The provision for bad debts is made by crediting __________.

Q. Statements:
I. The local co-operative credit society has decided to stop giving loans to farmers with immediate effect.
II. A large number of credit society members have withdrawn major part of their deposits from the credit society.

Q. Under Provision method depreciation charged is credited to _____________.

Q39)Statements:

I. The local co-operative credit society has decided to stop giving loans to farmers with immediate effect.

II. A large number of credit society members have withdrawn major part of their deposits from the credit society.

In case of actual discount when provision for discount on debtors is made, the discount account is debited with a corresponding credit in _____account.

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