Choose if the given statement is True/False:

The Grameen Bank of Bangladesh was established as a small project 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 was established as a small project in the 1970s. It has been a great success in eradicating poverty in the country. It provides credit to rural households at a reasonable interest rate. Due to this, people are now less dependent on the informal credit sector, which charges a high-interest rate on loans. The borrowers have proved reliable and have used the loans for various productive purposes. Most borrowers from the Grameen Bank of Bangladesh are women belonging to the weaker section of society. It is a great initiative to empower rural women and their families.

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