Question

The scheme of 'Micro Finance' is extended through ______ credit provision. 

Options

• Self help groups 

• Land Development Banks

• Regional Rural Banks

• Commercial Banks

Answer 1

The scheme of 'Micro Finance' is extended through self help groups credit provision. 

Explanation:

• Low-income individuals can access financial services such as small loans, savings, and insurance through Self-Help Groups (SHGs). S
• HGs pool members' savings and lend credit to them, fostering financial inclusion and empowering economically disadvantaged groups of society.