What is the triangle of microfinance? Role of BDS in rural finance?
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the role of bds is maintaining the rural welfare
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The triangle of microfinance:
Micro-finance programs from the 1970s helped the pioneers believe credit can be used extensively to solve immediate financial issues. Business organizations can be started and revenue can be created to pay off the credits with money assets.
Role of BDS in rural finance:
- Business Development Services (BDS) are important for supporting the development of 'micro, small and medium'-sized enterprises (MSMEs), known for creating jobs, generating income and contributing to economic growth and development.
- Employment and income production are especially important when it comes to poor rural areas, vulnerable communities, and associations.
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