What is the purpose of setting up of Small Finance Banks (SFBs) in India?To supply credit to small b

Question

What is the purpose of setting up of Small Finance Banks (SFBs) in India?To supply credit to small business unitsTo supply credit to small and marginal farmersTo encourage young entrepreneurs to set up business particularly in rural areas.Select the correct answer using the code given below:

Accepted Answer

The objectives of setting up of small finance banks will be to further financial inclusion by:Provision of savings vehiclesSupply of credit to small business units; small and marginal farmers; micro and small industries; and other unorganised sector entities, through high technology-low cost operations.