Question
What is the purpose of setting up Small Finance Banks (SFBs) in India?
Select the correct answer using the code given below:
- To supply credit to small business units
- To supply credit to small and marginal farmers
- To encourage young entrepreneurs to set up businesses particularly in rural areas.
Select the correct answer using the code given below:
Answer: Option C
Answer: (c)
While directly or indirectly all three will be encouraged because of Small Finance banks. But when RBI invited applications, the specific purpose were 1 and 2 only.
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Answer: (c)
While directly or indirectly all three will be encouraged because of Small Finance banks. But when RBI invited applications, the specific purpose were 1 and 2 only.
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