Economics · Economy
Which of the following factors is NOT considered a constructive driver contributing to the rapid institutional growth of microfinance in India?
- 1Decreased policy interest in rural economic and social development✓
- 2Decreased relative reliance of rural poor on informal traditional moneylenders
- 3Increased dynamic involvement of Self-Help Groups (SHGs)
- 4Rise of specialized Microfinance Institutions (MFIs)
Correct answer
Decreased policy interest in rural economic and social development
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