What is the name of the bank that meets the credit needs of the poor at reasonable rates in Bangladesh?

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Reserve Bank of Bangladesh

Grameen bank

Cooperative bank

Sahakari bank

answer is B.

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Detailed Solution

Grameen Bank is the name of the bank that meets the credit needs of the poor at reasonable rates in Bangladesh.
The Grameen Bank of Bangladesh is one of the most popular stories of success in reaching the poor section of society. It provides loans to poor people at a meagre rate of interest. Grameen bank was initiated in the 1970s as a small project but covered over 9 million people in 2018. Professor Muhammad Yunus is the founder of the Grameen Bank of Bangladesh. Among all the borrowers, most are women who belong to the poor section of society. Through this provision of loans, women in Bangladesh have started to become self-dependent and have gained the ability to generate income.

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