SSC CHSL 2021 PYQ — Question 36

SSC CHSL - 19 April 2021 - Shift 3 • General Awareness • Q36

Who is the founder of the Grameen Bank of Bangladesh?

Show answer & explanation

Correct answer: D

Explanation

The correct answer is Option 4. i.e. Professor Muhammad Yunus.

  • Professor Muhammad Yunus has successfully melded capitalism with social responsibility to create the Grameen Bank, a microcredit institution committed to providing small amounts of working capital to the poor for self-employment. 
  • Over the last two decades, the Grameen Bank has loaned out over 6.5 billion dollars to the poorest sections, while maintaining a repayment rate consistently above 98%.
  • The innovative approach to poverty alleviation pioneered by Professor Yunus in a small village in Bangladesh has inspired a global microcredit movement reaching out to millions of poor women from rural South Africa to inner city Chicago.