Question

Which of the following is NOT true about microfinance?
i. Using SHG/JLG model loans of small amount of less than one lakh rupees are provided for income generating activities
ii. These loans are mostly unsecured loans based on the guarantee of other group members
iii. There is no cap on the interest rates an interest goes upto 35-40% per annum

A 1) Only i

B 2) Only i & ii

C 3) Only i & iii

D 4) Only iii

E 5) All of the above statements are correct

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