General Knowledge · General Awareness
What is the primary objective of Microfinance Institutions (MFIs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To directly fund central government infrastructure projects
- 2To generate high returns exclusively for institutional investors
- 3To offer financial assistance and services to low-income individuals and entrepreneurs✓
- 4To provide financial services to large corporations
Correct answer
To offer financial assistance and services to low-income individuals and entrepreneurs
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