Which of the following years was declared as the international year of micro credit by the UN?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 2005.
The United Nations declared 2005 as the International Year of Microcredit. This designation was made to highlight the role of microcredit in alleviating poverty and promoting economic development. The year aimed to raise awareness about the benefits of microfinance services, particularly for underserved communities, and to promote efforts to expand access to financial resources for small-scale entrepreneurs and low-income individuals. The initiative underscored the importance of microcredit in fostering sustainable economic growth and social inclusion.