📝 Multiple Choice Question
Economics
What is the primary objective of Microfinance Institutions (MFIs) in India?
A
To provide financial services to large corporations
B
To offer financial assistance and services to low-income individuals and entrepreneurs
C
To generate profits for shareholders
D
To fund government projects
Explanation
Microfinance institutions primarily focus on financial inclusion by providing small loans, savings, and insurance to low-income populations lacking access to traditional banking.
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