GyanGramMicrofinance is the provision of financial services to people of low-income groups. This includes both the co…
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Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are:
1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities
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• Correct Answer: D
• Microfinance includes microcredit, microsavings, microinsurance, and remittance services.
• All four are essential components of financial inclusion for low-income groups.
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