📝 One-liners · 66 cards
FINANCING POOR AS BANKABLE OPPORTUNITIES
What is the core premise behind treating the financing of the poor as a bankable opportunity?
The poor, when provided with appropriate financial services, are reliable borrowers with high repayment rates, making lending to them a viable and profitable business rather than mere charity.
What is the minimum loan amount under MUDRA's Shishu category for poor micro-entrepreneurs?
Up to Rs. 50,000 for smallest micro-enterprises.
Who pioneered the concept of microcredit as a bankable opportunity for the poor through the Grameen Bank model?
Muhammad Yunus pioneered microcredit through Grameen Bank in Bangladesh, demonstrating that the poor could access credit without collateral and repay loans at rates exceeding 95%.
What is the NABARD refinance facility called that supports rural cooperative banks lending to the poor?
NABARD provides refinance through its Rural Infrastructure Development Fund (RIDF).
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for FINANCING POOR AS BANKABLE OPPORTUNITIES.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days