Correct Answer: Providing credit facilities

Solution : The correct answer is (c). Providing credit facilities

NBFCs are financial institutions that provide various financial services and products similar to traditional banks but without holding a banking license. One of the primary functions of NBFCs is to provide credit facilities, including loans, advances, asset financing, and other forms of credit to individuals and businesses.

NBFCs play a crucial role in providing credit and financial services to individuals and businesses, especially those who may have limited access to traditional banking services.