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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 microfinance is/are: 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities

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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 microfinance is/are: 1. Credit facilities 2. Savings facilities 3. Insurance facilities 4. Fund Transfer facilities

(a)

1 only

(b)

1 and 4 only

(c)

2 and 3 only

(d)

1, 2, 3 and 4

Answer:

(d)

Core Books/NCERT

Explanation

Option (d) is correct: Microfinance includes credit, savings, insurance, and fund transfer facilities for low-income individuals.