💰 Microfinance Services Institution

Microfinance services are aimed at providing financial access—particularly small loans, savings, and insurance—to low-income and underserved populations. Among the options:

🏦 A. Conventional Weaker Section Lending Banks

These include public sector banks, regional rural banks (RRBs), and cooperative banks that offer targeted loans to the weaker sections under government-mandated priority sector lending.

🧾 B. Microfinance Institutions (MFIs)

MFIs are specialized entities that provide micro-loans and related financial services to the poor, particularly in rural and semi-urban areas.

🤝 C. Self Help Group (SHG)-Bank Linkage Programme

This is a flagship initiative by NABARD that connects SHGs of the poor with formal banking institutions, allowing them to access credit and savings facilities collectively.