Question : What micro-credit program defines?
Option 1: Credit provision made by self-help groups to their members
Option 2: Credit provision made by small farmers
Option 3: Credit provisions made by large farmers
Option 4: None of the above
Answer (1)
15th Jan, 2024
Correct Answer: Credit provision made by self-help groups to their members
Solution :
Credit terms are offered to members by a self-help group.
Microcredit is a popular type of microfinance in which a very small loan is offered to a person in order to assist them in starting their own small business or becoming self-employed.
Hence option a is the correct answer.
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