______ 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.
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Important Questions from Economics
The persistent and appreciable full in level of prices and when the rate of change of price index is negative it is called as
Hindustan Fluorocarbons Ltd (HFL) is subsidiary company of _______.
All those private sector establishments and the public sector establishments that employ 10 or more hired workers are called:
Situation when it becomes a burden for the lender to repay the loan and needs to borrower a new loan to pay the existing is called ______.
An asset that a barrower owns and uses the same as a guarantee to a lender until the loan is repaid is known as:
