In 1995, a thrift-and-credit society was started for poor women. What was its main objective? 

Correct option is C

·  In 1995, a thrift-and-credit society was established with the primary objective of encouraging poor women to save and provide them access to credit for financial empowerment.

·  This initiative was aimed at improving the economic status of women by helping them save small amounts of money, which could then be accessed as loans for personal or business needs.

·  The main goal was to empower women financially and help them become more self-reliant.

·  Such societies usually work by pooling the savings of members and then offering low-interest loans to them, particularly to women who might not otherwise have access to formal financial systems like banks.

Additional Information:

• Microfinance institutions and Self-Help Groups (SHGs) often play a similar role, providing women with access to financial services and loans to support entrepreneurship or small-scale businesses.
• These initiatives have contributed to enhancing the economic status and independence of women, particularly in rural and underprivileged areas.

Other Options:

• To provide free education for women : While education is important for women’s empowerment, the primary goal of the thrift-and-credit society was not to provide free education.
• To provide transport facilities for working women: This is a significant issue but not the primary objective of the thrift-and-credit society started in 1995.
• To provide jobs for women : The focus was more on providing financial tools and access to credit rather than directly providing jobs.