Loans of small or very small amounts given to low-income-group people are known as [Allahabad Bank 2011]

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Investment Loans
B	Micro Credit
C	Saving loans
D	Secured loans

Explanation:

Detailed explanation-1: -Microfinance is a form of financial service which provides small loans and other financial services to poor and low-income households.

Detailed explanation-2: -Notes: Micro credit are the loans of very small amounts given to low income groups or poor household.

There is 1 question to complete.