microcredit
/ˈmaɪkrəʊkredɪt/noun
उच्चारण माइक्रोक्रेडिट
सूक्ष्म ऋण, माइक्रोक्रेडिट
Advanced word
noun
- 1
[U] finance
the lending of very small amounts of money at low interest to poor people, especially women, to help them start or run a small business
सूक्ष्म ऋण, माइक्रोक्रेडिट
- Microcredit helped the women of the village start a dairy.
- Self-help groups are an important channel for microcredit.
✓In the exam
General knowledge
Muhammad Yunus and the Grameen Bank of Bangladesh won the Nobel Peace Prize in 2006 for their work on microcredit.
मुहम्मद यूनुस और बांग्लादेश के ग्रामीण बैंक को सूक्ष्म ऋण पर उनके कार्य के लिए 2006 में नोबेल शांति पुरस्कार मिला।