Analyze NABARD’s function in microfinance. [Answer Limit: 50 Words] [UKPSC 2012]
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Microfinance: National Bank for Agriculture and Rural End
Development (NABARD, 1999) defines microfinance as, “the provision of
Thrift, credit, and other banking services and products of a very small amount to
the poor in rural, semi-urban and urban areas so as to enable them to raise their
income levels and improve their living standard.”