2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who has been appointed as first chairman of panel on Code for Responsible Lending in Micro-Credit?
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Sonia Krishnankutty
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H R Khan
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P Satish
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Harsh Shrivastava
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Explanation:
Detailed explanation-1: -Chairman/Managing Director, Micro Labs Ltd.
Detailed explanation-2: -In 1974, SEWA (Self-Employed Women’s Association) Bank, a cooperative bank, was established in Ahmedabad; as one of the first modern-day microfinance institutions in the country.
Detailed explanation-3: -1.1 These directions shall be called the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022.
Detailed explanation-4: -The modern use of the expression “microfinancing” has roots in the 1970s when Grameen Bank of Bangladesh, founded by microfinance pioneer Muhammad Yunus, was starting and shaping the modern industry of microfinancing.
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