what is meant by micro finance?

Open in App

Solution

Micro finance is a financial service available for the low-income households and to people living below poverty line who often face difficulties in obtaining finance from other sources. This facility enables these households to avail services like borrowing, saving, insurance.

Suggest Corrections

Similar questions

What is meant by financing decision? State any four factors affecting the financing decision.

Which of the following is/are main features of micro-finance?

Join BYJU'S Learning Program