The Grameen Bank originated in 1976 in the work of __________ at University of Chittagong, who launched…
Professor Muhammad Yunus initiated the rural credit project that developed into Grameen Bank. Its approach extended access to small loans to poor borrowers excluded from…
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The Grameen Bank originated in 1976 in the work of __________ at University of Chittagong, who launched research project to study how to design credit delivery system to provide banking services to the rural poor.
Answer and explanation
Correct answer C
Professor Muhammad Yunus initiated the rural credit project that developed into Grameen Bank. Its approach extended access to small loans to poor borrowers excluded from conventional banking.
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Maharashtra and Goa SET (MH SET)