______ is the provision of small credit to those who would have no other access to financial services.
Microfinance
Microfinance is the provision of small loans and financial services to individuals who lack access to traditional banking services, helping them improve their living standards or start businesses. Microloans, often offered by specialized institutions, provide the financial support needed by marginalized groups. Homeloans and Pradhan Mantri Awas Yojana are not the correct terms in this context as they are related to housing finance and governmental housing schemes, respectively.
Similar Questions
What correctly defines change of inventories of a firm during a year?
Which of the following documents provides a framework, rules and regulations for setting up public and private industries in India?
Which of the following is Fisher's equation of exchange?
The Flexible Inflation Targeting Framework (FITF) was introduced in India post the amendment of the Reserve Bank of India (RBI) Act, 1934 in __________.
Which of the following statements about the second five-year plan is INCORRECT?
What was India's annual exponential growth rate as per the 2011 Census?
Which of the following definitions is INCORRECT?
In relation to the scope of economics, which of the following statements is regarded as a traditional approach and NOT modern approach?
In relation to methods of economic study, which of the following statements is INCORRECT?
_________ is most common in industries like agriculture, tourism, hotel, catering, etc.
Important Questions from Economics
Savings is that portion of money income that is .....
The persistent and appreciable full in level of prices and when the rate of change of price index is negative it is called as
While computing Net Economic Welfare (NEW), which of the following items is subtracted from GNP?
Which of the following statements are CORRECT for welfare economics?
A. Any competitive equilibrium leads to a Pareto efficient allocation of resources
B. Competitive equilibrium does not lead to Pareto efficient allocation of resources
C. Any efficient allocation can be attained by a competitive equilibrium given the market mechanism leading to redistribution
D. There will be no Pareto efficient allocation of resources in the society
Choose the correct answer from the options given below:
RBI The sale of a bond by the United States to individuals or institutions results in a ______.
I. Shortage of stock
II. Shortage in money supply
