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What is the primary objective of the Grameen Credit Score Scheme announced in Union Budget 2025?
Question

What is the primary objective of the Grameen Credit Score Scheme announced in Union Budget 2025?

A.

Increase rural taxation

B.

Promote financial inclusion for Self-help Group (SHG) women entrepreneurs

C.

Reduce agricultural subsidies

D.

Ban informal lending practices

Correct option is B

The correct answer is: (b) Promote financial inclusion for Self-help Group (SHG) women entrepreneurs

Explanation:
The Grameen Credit Score Scheme aims to enhance financial inclusion for women entrepreneurs in Self-help Groups (SHGs) by improving access to formal credit and financial services.

Information Booster:

  • Provides financial services to rural women entrepreneurs.

  • Aims to formalize SHG transactions in the credit system.

  • Offers tailored financial products for SHG members.

  • Promotes digital literacy among rural women.

  • Strengthens micro-enterprise growth.

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