Economics · Financial Sector
Which of the following is a primary objective of Microfinance Institutions (MFIs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Promoting financial inclusion, poverty alleviation, and providing credit to low-income individuals✓
- 2Maximizing commercial profits solely for corporate shareholders
- 3Promoting capital-intensive large-scale industrialization
- 4Providing credit facilities exclusively to large multinational corporations
Correct answer
Promoting financial inclusion, poverty alleviation, and providing credit to low-income individuals
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