Question

സമൂഹത്തിലെ താഴ്ന്ന വരുമാനക്കാർക്കും ദരിദ്ര ജനവിഭാഗങ്ങൾക്കും സാമ്പത്തിക സേവനങ്ങൾ ലഭ്യമാക്കുക, അവരിൽ സമ്പാദ്യശീലം വളർത്തുക എന്നീ ലക്ഷ്യത്തോടെ പ്രവർത്തിക്കുന്നസംവിധാനം ?

• A. മൈക്രോ ഫിനാൻസ്
• B. മ്യൂച്വൽ ഫണ്ട്
• C. കോർ ബാങ്കിംഗ്
• D. ഇലക്ട്രോണിക് ബാങ്കിംഗ്

Answer 1

Answer:

A. മൈക്രോ ഫിനാൻസ്

• Correct Answer : Micro Finance

• Microfinance (മൈക്രോ ഫിനാൻസ്) is the system aimed at providing small-scale financial services to low-income and economically weaker sections who usually do not have access to traditional banking. It also helps them build a habit of saving and develop self-reliance through income-generating activities.

Key related facts

• Target group: Poor and low-income individuals, especially those excluded from banks due to lack of collateral and formal income records.

• Financial services provided:

  • Small loans (microcredit)

  • Savings/credit facilities

  • Micro-insurance (in many microfinance models)

• Main goal:

  • Reduce poverty by enabling entrepreneurship and livelihood support

  • Promote savings habits and responsible financial behavior

• How it works: Loans are usually given through SHG/field-based groups or local institutions to ensure repayment discipline and financial inclusion.

• Difference from core banking/electronic banking/mutual funds:

  • Those are broader banking/financial systems/services, but they are not specifically designed to serve the poor and promote savings habits among them through small loans.