Economy, asked by khushboo41, 1 year ago

describe role of microfinance in India????

Answers

Answered by Anonymous
1
Micro finance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients were: (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group
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