2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ADB
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IMF
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World Bank
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RBI
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Detailed explanation-1: -ADB and HSBC India Establish $100 Million Partial Guarantee Program for Microfinance in India | Asian Development Bank.
Detailed explanation-2: -The Reserve Bank of India had appointed the Malegam Committee to go into the regulation of microfinance institutions (MFIs).
Detailed explanation-3: -Nabard is planning to finance micro finance institutions (MFIs) to cater to the capital requirement of the last mile lenders.
Detailed explanation-4: -Apart from extending 100% refinance support to the financing Banks, NABARD also extends financial support for awareness creation and capacity building of all stakeholders under the Scheme.
Detailed explanation-5: -It is owned by the Hongkong and Shanghai Banking Corporation Limited, the founding member of the HSBC Group, which was established in Hong Kong and Shanghai in 1865.