Cashpor Micro credit is a company that does NOT operate in the most backward districts of _____________.
- ((a))
Bihar
- ((b))
Chhattisgarh
- ((c))
Telangana
- ((d))
Jharkhand
Show Answer
Telangana
The correct answer is Telangana

Key Points
- Cashpor Micro Credit does not operate in the most backward districts of Telangana.
- It primarily operates in states like Uttar Pradesh, Bihar, Jharkhand, and Chhattisgarh.
- Cashpor Micro Credit is a non-profit microfinance institution that focuses on providing financial services to poor women in rural areas,
- particularly in the backward districts of northern and eastern India.
- The organization's mission is to empower women by offering small loans for income-generating activities, thus helping families overcome poverty.
- However, Telangana is not among the states where Cashpor Micro Credit operates.

Additional Information
- Microfinance:
- Microfinance institution provides financial services to low - income individuals.
- Microfinance is a basis of financial services for entrepreneurs and small businesses deficient in contact with banking and associated services.
- The two key systems for the release of financial services to such customers include ‘relationship-based banking’ for individual entrepreneurs and small businesses along with ‘group-based models’ where several entrepreneurs come together to apply for loans and other services as a group.
- Similar to banking operation traditions, microfinance entities are supposed to charge their lender’s interest on loans.
- In most cases the so-called interest rates are lower than those charged by normal banks, certain rivals of this concept accuse microfinance entities of creating gain by manipulating the poor people’s money.
- This includes both the consumers and the self-employed.
- Microfinance apart from microcredit, the provision of small loans to poor clients also covers many other services.
- Micro Finance covers a wide range of services like credit facilities, saving facilities, insurance facilities, remittance, Short duration loans, Fund Transfer and also non-financial services like training, counseling, etc.
- Microfinance Institutions (MFIs) in India exist as NGOs (registered as societies or trusts), Section 25 companies and Non-Banking Financial Companies (NBFCs).


























































































