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.
