SSC CHSL · General Awareness
SSC CHSL Microfinance Concepts Questions with Answers and Solutions
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SSC CHSL Microfinance Concepts practice
| List I (Concepts) | List II (Descriptions) |
|---|---|
| (a) Microcredit | Small loans provided to entrepreneurs too poor to qualify for traditional bank loans |
| (b) Microsavings | Small, often peer-monitored savings products designed for low-income individuals |
| (c) Microinsurance | Financial protection against specific perils for low-income populations |
| (d) Social Collateral | The use of group responsibility as a guarantee for loan repayment |
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