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Question
Which of the following provides microcredit facilities to people to promote self-employment?
Which of the following provides microcredit facilities to people to promote self-employment?
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Solution
The correct option is B Microfinance
The main objective of microfinance services is to promote saving habits among low-income groups and unserved sections of the society. In addition, they provide microcredit facilities to people to promote self-employment. Generally, the beneficiaries of microfinance services are various small self-help groups.
The main objective of microfinance services is to promote saving habits among low-income groups and unserved sections of the society. In addition, they provide microcredit facilities to people to promote self-employment. Generally, the beneficiaries of microfinance services are various small self-help groups.
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