Economics · Rural Development
What is the primary role of microfinance in rural development?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Regulating interest rates of commercial banks in rural areas
- 2Funding major central government infrastructure projects
- 3Expanding the outreach of financial services to neglected sectors and low-income groups✓
- 4Providing large-scale industrial loans
Correct answer
Expanding the outreach of financial services to neglected sectors and low-income groups
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