Question 16 of 20
Q.State any two roles played by the Manipur Rural Bank in promoting financial inclusion in Manipur.
Manipur CohsemCOHSEM Manipur Higher Secondary 1st Year (Commerce) 2024Subjective· 4mImportance★★★★★est
80% · 16/20 Questions
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Start your 14-day free trial to unlock the full solution →The Manipur Rural Bank (a Regional Rural Bank) promotes financial inclusion by extending basic banking facilities, and by providing credit for agriculture/allied and small-business activities, to rural households that commercial banks otherwise bypass.
- Extending basic banking services to unbanked/remote areas: The Manipur Rural Bank opens branches and offers no-frills savings accounts, deposit facilities and remittance services in rural and hill areas of Manipur that lack access to commercial bank branches, bringing previously excluded households into the formal banking system. …
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