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Question : What micro-credit program defines?

Option 1: Credit provision made by self-help groups to their members

Option 2: Credit provision made by small farmers

Option 3: Credit provisions made by large farmers

Option 4: None of the above


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: Credit provision made by self-help groups to their members


Solution : Credit terms are offered to members by a self-help group.
Microcredit is a popular type of microfinance in which a very small loan is offered to a person in order to assist them in starting their own small business or becoming self-employed.
Hence option a is the correct answer.

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