SarkariPYQ

SSC GD 2023 PYQ — Question 32

SSC GD Constable (English) - 13 Jan 2023 - Shift 4 • General Awareness • Q32

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In India, Microfinance activities gained prominence in the early _______.

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Correct answer: B

Explanation

The correct answer is option 2 i.e. 1990s

  • Microfinance activities gained prominence in India in the early 1990s.
  • The 1990s saw the emergence and expansion of microfinance institutions (MFIs) in India, aiming to provide financial services, particularly small loans, to individuals in rural and underserved areas.
  • The microfinance sector played a crucial role in promoting financial inclusion and empowering individuals, especially women, in the informal sector.
  • The growth of microfinance in India was driven by the need to address financial gaps and empower marginalized communities economically.