Question

Which one of the following is the newer way of providing loans to the

rural poor, particularly women ?

(A) Cooperative Banks

(B) Gramin Banks

(C) Self Help Groups

(D) Moneylenders

Answer 1

self help group is the never way of providing loan to the particularly, women

Answer 2

The correct answer is OPTION C: Self-help groups.

• Banks have come up with new ways to help the poor:  

1. The loan sanctioned with a bad credit loan does not require the presentation of any security.
2. Microfinance is the provision of loans, savings, and other financial services to the poor.
3. Loans are also made easy by several humanitarian organizations.
4. Loans from cooperatives have reduced interest rates.