Question

Which of the following is NOT true about microfinance?

i. These loans are unsecured loans of Upto Rs. 1 lakh mostly given following group lending methodology.

ii.Only NBFC MFIs are allowed to give microfinance loans

iii. RBI regulates the microfinance sector

A Only i Correct Answer Incorrect Answer
B Only ii Correct Answer Incorrect Answer
C Only i & ii Correct Answer Incorrect Answer
D Only iii Correct Answer Incorrect Answer
E All of the above statements are correct Correct Answer Incorrect Answer

Solution

Other than NBFC-MFIs, banks, NBFCs, and NGOs also provide microfinance loans.

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