Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed? | Faculties

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Mr. Dubey

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📊 Banking and Finance

Q. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed?

(A) Ponzi schemes
(B) Micro finance System
(C) Money Laundering Schemes
(D) Money Tampering Finance

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✅ Correct Answer: (B) Micro finance System

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