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

Loan are given without security

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Maximum limit of loan under micro finance 25,000

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Loans to those people who live BPL (Below Poverty Line)

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Even members of SHG enjoy Micro Finance

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All of these

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Solution

The correct option is E
All of these

All the given options are features of micro-finance.

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4. Consider the following statements, regarding MUDRA Bank,

1] This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities.

2] The Bank would partner with state level/regional level co-ordinators to provide finance to Last Mile Financer of small/micro business enterprises.

Which of the above statements is/are incorrect?

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

The correct option is E All of these All the given options are features of micro-finance.

The correct option is E
All of these

All the given options are features of micro-finance.