Economics · Rural Development
Microcredit is best defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1insurance premiums paid by self-help groups
- 2subsidies provided by the government to large industries
- 3small loans offered to poor households lacking access to formal credit✓
- 4cash transfers given by NGOs for consumption
Correct answer
small loans offered to poor households lacking access to formal credit
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