Which one of the following led the Malegam committee to recommend for interest rate cap for micro-finance institutions? Options: A . &nbspHigh interest rate B . &nbspPromoters of micro-finance institution growing rich C . &nbspBorrowers stopped repaying loans D . &nbspSmall loans offered to microenterprises

Which one of the following led the Malegam committee to recommend for interest r

Question

Which one of the following led the Malegam committee to recommend for interest rate cap for micro-finance institutions?

Options:

A . High interest rate

B . Promoters of micro-finance institution growing rich

C . Borrowers stopped repaying loans

D . Small loans offered to microenterprises

Answer: Option A
Answer: (a)

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