Microfinance services are aimed at providing financial access—particularly small loans, savings, and insurance—to low-income and underserved populations. Among the options:
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A. Conventional weaker section lending banks: ✅ Yes
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): ✅ Yes
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: ✅ Yes
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.