Choose given statement true/False:

The Grameen Bank of Bangladesh initially started in the 1970s

see full answer

Talk to JEE/NEET 2025 Toppers - Learn What Actually Works!

Real Strategies. Real People. Real Success Stories - Just 1 call away

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The above statement is True.
The Grameen Bank of Bangladesh started in the 1970s as a small project aimed at fulfilling the credit needs of the poor in his country far and wide at reasonable rates. Professor Muhammad Yunus won the Nobel Prize in Peace in 2006. His receipt of the Nobel Prize is due to his foundation of Grameen Bank. Soon, the Grameen Bank spread over 81600 villages across Bangladesh, and with over 9 million members in 2018, it quickly became one of the biggest success stories in reaching the poor to meet their credit needs. The primary borrowers of Grameen Bank are primarily women and people belonging to the poorest sections of society.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th