App Logo

No.1 PSC Learning App

1M+ Downloads
Which of the following institutions launched the microfinance movement in India on a pilot basis in 1992?

AIIFCL

BNABARD

CSIDBI

DIFCI

Answer:

B. NABARD

Read Explanation:

  • The institution that launched the microfinance movement in India on a pilot basis in 1992 was NABARD (National Bank for Agriculture and Rural Development).

  • The beginning of the micro finance movement in India could be traced to the selfhelp group (SHG) - bank linkage programme (SBLP) started as a pilot project in 1992 by National Bank for Agricultural and Rural Development (NABARD).

  • This programme not only proved to be very successful, but has also emerged as the most popular model of micro finance in India

  • Other approaches like micro finance institutions (MFIs) also emerged subsequently in the country.


Related Questions:

മുദ്ര ബാങ്കിന്റെ ലക്ഷ്യം ?
Voice Biometrics Authentication ആരംഭിച്ച ബാങ്ക് ഏത് ?
രാജ്യത്തെ ആദ്യത്തെ യുപിഐ എടിഎം അവതരിപ്പിച്ച പൊതുമേഖലാ ബാങ്ക് ഏത് ?
The apex body to coordinate the rural financial system :

What is the primary function of Development Financial Institutions (DFIs) in India?

  1. Offering short-term financing to businesses
  2. Providing financial assistance to individuals for personal needs
  3. Supporting long-term financial projects for specific sectors of the economy
  4. Facilitating international trade transactions for corporations