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Question
Micro credit programmes play a vital role in ensuring an overall development of the rural economy as they ______.
- provide financial support
- lead to women empowerment
- enhance the reach of formal credit system
Options
(i) and (ii)
(ii) and (iii)
(i) and (iii)
(i), (ii) and (iii)
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Solution
Micro credit programmes play a vital role in ensuring an overall development of the rural economy as they provide financial support, lead to women empowerment, enhance the reach of formal credit system.
Explanation:
Such credit provisions are generally referred to as micro-credit programmes. SHGs have helped in the empowerment of women.
Self-Help Groups (henceforth SHGs) have emerged to fill the gap in the formal credit system because the formal credit delivery mechanism has not only proven inadequate but has also not been fully integrated into the overall rural social and community development.
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