GyanGramWhat is the purpose of setting up of Small Finance Banks (SFBs) in India? 1. To supply credit to small busine…
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What is the purpose of setting up of Small Finance Banks (SFBs) in India?
1. To supply credit to small business units
2. To supply credit to small and marginal farmers
3. To encourage young entrepreneurs to set up business particularly in rural areas.
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• Correct Answer: A
• As per RBI guidelines, SFBs are mandated to supply credit to small business units, small and marginal farmers, and micro-industries.
• Their primary objective is financial inclusion for underserved segments, not specifically targeting young entrepreneurs.
• Statement 3 is incorrect as it is not a regulatory mandate.
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