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Grameen Bank is one of the biggest success stories in reaching the poor to meet their credit needs at reasonable rates. It is located in
Kerala
Uttar Pradesh
Maharashtra
None of the above
Class-10 – Book Name – Understanding Economic Development – Pg. No. 52
Grameen Bank of Bangladesh is one of the biggest success stories in reaching the poor to meet their credit needs at reasonable rates. Started in the 1970s as a small project, Grameen Bank now has over 6 million borrowers in about 40,000 villages spread across Bangladesh. Almost all of the borrowers are women and belong to poorest sections of the society. These borrowers have proved that not only are poor women reliable borrowers, but that they can start and run a variety of small income- generating activities successfully.
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