___________ is an industry association and self-regulatory organisation (SRO) whose primary objective is to work towards the robust development of the microfinance sector.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Microfinance Institutions Network.
The Microfinance Institutions Network (MFIN) is an industry association and self-regulatory organization (SRO) dedicated to the development of the microfinance sector in India. Established to promote responsible microfinance practices, MFIN aims to ensure that microfinance institutions (MFIs) adhere to ethical lending standards and enhance financial inclusion for underserved communities. It provides a platform for collaboration among MFIs, policymakers, and stakeholders to address challenges in the sector. MFIN also focuses on capacity building, advocacy, and promoting best practices to foster a sustainable microfinance ecosystem, ultimately empowering low-income households and contributing to their socio-economic development.