Economics · Banking in India
Which category of NBFC in India is specifically mandated to provide credit and financial services to low-income individuals and micro-enterprises?
- 1Infrastructure Finance Companies (IFCs)
- 2Loan Companies (LCs)
- 3Micro Finance Institutions (NBFC-MFIs)✓
- 4Asset Finance Companies (AFCs)
Correct answer
Micro Finance Institutions (NBFC-MFIs)
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