Single Answer MCQ
Q-00044119
What was a primary reason for the establishment of Grameen banks in India?
1
To provide higher interest rates
2
To offer loans to urban businesses
3
To support farmers with loans at lower rates
4
To promote foreign investment
Answer and Solution
Answer
C. To support farmers with loans at lower rates
Solution:
Grameen banks were established to provide farmers and rural communities with loans at lower interest rates to facilitate agricultural growth. Other options do not align with this purpose.
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