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SSC CHSL 2023 PYQ — Question 48

SSC CHSL - 17 Aug 2023 - Shift 2 • General Awareness • Q48

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Which of these conditions enhance the potential of MFIs to attract more resources and expand services to their clients?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. Financially viable and self-sustaining MFIs.

  • The financial viability and self-sustainability of Microfinance Institutions (MFIs) significantly enhance their capacity to attract more resources and expand services.
  • When MFIs are financially sound and self-reliant, they can generate funds internally, reducing dependency on external support.
  • This allows them to offer more loans and reach more clients.
  • Moreover, their ability to manage risks and maintain a sustainable model ensures long-term growth.