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    Question

    In India, Micro Finance Institutions primarily target

    which segment of the population?
    A Non-resident Indians (NRIs) Correct Answer Incorrect Answer
    B Large corporations Correct Answer Incorrect Answer
    C Low-income individuals and small businesses Correct Answer Incorrect Answer
    D High-income individuals Correct Answer Incorrect Answer

    Solution

    In India, Micro Finance Institutions (MFIs) primarily target the economically weaker sections and low-income segments of the population. This includes rural and semi-urban households, particularly women, who typically have limited access to traditional banking services. The goal of MFIs is to provide financial services such as small loans, savings, and insurance to these underserved groups to promote financial inclusion and support their economic activities.

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