Economics · Banking and Financial Institutions
Which of the following is the main objective of microfinance institutions (MFIs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To promote entrepreneurship and self-employment
- 2To provide subsidies to small and medium enterprises
- 3To provide access to credit to small and marginal farmers
- 4To provide access to financial services to low-income individuals and households✓
Correct answer
To provide access to financial services to low-income individuals and households
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