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What is the primary aim of Microfinance Institutions (MFIs) in India?
  • a)
    Providing large loans to high-income individuals
  • b)
    Offering financial services exclusively to women
  • c)
    Empowering low-income and unemployed individuals
  • d)
    Focusing on urban areas for financial inclusion
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the primary aim of Microfinance Institutions (MFIs) in India?...
Microfinance Institutions (MFIs) in India primarily aim to empower low-income and unemployed individuals to achieve self-sufficiency. By providing small loans and financial services to those lacking access to traditional banking, MFIs play a crucial role in promoting financial inclusion and economic empowerment among marginalized groups in society.
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What is the primary aim of Microfinance Institutions (MFIs) in India?a)Providing large loans to high-income individualsb)Offering financial services exclusively to womenc)Empowering low-income and unemployed individualsd)Focusing on urban areas for financial inclusionCorrect answer is option 'C'. Can you explain this answer?
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What is the primary aim of Microfinance Institutions (MFIs) in India?a)Providing large loans to high-income individualsb)Offering financial services exclusively to womenc)Empowering low-income and unemployed individualsd)Focusing on urban areas for financial inclusionCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the primary aim of Microfinance Institutions (MFIs) in India?a)Providing large loans to high-income individualsb)Offering financial services exclusively to womenc)Empowering low-income and unemployed individualsd)Focusing on urban areas for financial inclusionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary aim of Microfinance Institutions (MFIs) in India?a)Providing large loans to high-income individualsb)Offering financial services exclusively to womenc)Empowering low-income and unemployed individualsd)Focusing on urban areas for financial inclusionCorrect answer is option 'C'. Can you explain this answer?.
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