Economics · Economy
What is the primary role of microfinance institutions in the process of rural development?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Regulating and capping commercial bank interest rates across rural districts
- 2Directly funding large-scale government infrastructure projects in rural areas
- 3Expanding the outreach of formal financial services to the excluded and neglected sectors✓
- 4Providing large-scale industrial loans for manufacturing units
Correct answer
Expanding the outreach of formal financial services to the excluded and neglected sectors
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