______ is an industry association and self-regulatory organisation (SRO) whose primary objective is to work towards the development of the microfinance sector.

Correct option is B

The correct answer is (b) Microfinance Institutions Network.
· The Microfinance Institutions Network (MFIN) is an industry association and a Self-Regulatory Organisation (SRO) recognized by the Reserve Bank of India (RBI).
· It works to promote and regulate the development of the microfinance sector in India.
Key Features of MFIN:
· Role: MFIN aims to ensure responsible lending practices, transparency, and consumer protection within the microfinance sector.
· Recognition: It is officially recognized by the RBI as an SRO for Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs).
· Objectives:
· To represent the microfinance sector at national and international forums.
· To ensure compliance with regulatory guidelines among its member institutions.
· To promote financial literacy and inclusive growth.