Current Affairs · Banking and Finance
The term 'Grameen Credit Score', recently seen in the news, refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A credit rating system for rural individuals and Self-Help Groups (SHGs) to improve financial inclusion✓
- 2A government-backed initiative to assess the creditworthiness of urban salaried professionals
- 3A microfinance scheme providing direct cash transfers to rural borrowers without collateral
- 4A new RBI directive mandating commercial banks to offer credit to all small businesses at subsidized rates
Correct answer
A credit rating system for rural individuals and Self-Help Groups (SHGs) to improve financial inclusion
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