Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through

Name: Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through
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Micro credit or micro finance is often extended to the poor through Self Help Groups (SHGs), which are small, informal groups of people who come together to pool their savings and lend to each other.

Micro Credit or Micro Finance Is a Novel Approach to Bank