MFIs to play a leading role in India’s economic growth: Study
GS Paper 3 Syllabus: Financial Inclusion Source: Economic Times Context: As per the study conducted by PricewaterhouseCoopers (PwC) and the Association of Microfinance Institutions of India, Microfinance institutions (MFI), will play a leading role in the growth process of India. What are MFIs? Microfinance institutions (MFIs) are financial companies that provide small loans to …
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