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

Correct option is B

· The Microfinance Institutions Network (MFIN) is an industry association and a self-regulatory organization (SRO) that primarily aims to foster the sustainable growth and development of the microfinance sector in India.

· Established in 2009, MFIN works closely with policymakers, regulators, and other stakeholders to create a conducive environment for microfinance institutions (MFIs) to serve underserved populations.

· It also promotes responsible lending practices and transparency within the sector to ensure client protection and financial inclusion.

Additional Information:

· MFIN is recognized by the Reserve Bank of India (RBI) as a self-regulatory organization, responsible for setting standards and guidelines for member MFIs.

· It regularly monitors compliance and works towards ethical business practices within the microfinance industry.

Other Options:

· Self-help Group Association: While self-help groups (SHGs) play an important role in financial inclusion, there is no prominent national-level association by this name that functions as an industry SRO for the microfinance sector.

· Microfinance and Investments Regulatory Authority: No organization with this name exists as a regulatory body or association for microfinance in India.

· NABARD: The National Bank for Agriculture and Rural Development (NABARD) supports microfinance through its initiatives, particularly with self-help groups (SHGs), but it is not an SRO or industry association exclusively for microfinance institutions.