Correct option is A
IDBI (Industrial Development Bank of India) primarily operates as a development finance institution and a commercial bank. While it provides financial assistance for large-scale projects and general banking services, it is not a key player in the microfinance sector, which focuses on providing financial services to low-income individuals or small businesses.
The other options are closely associated with microfinance activities:
Additional Information:
- Regional Rural Banks (RRBs):
Established specifically to serve rural areas, RRBs play a significant role in providing microfinance services like small loans and deposits to farmers, small businesses, and rural households.
- Small Finance Banks:
These banks are dedicated to promoting financial inclusion by serving the underserved sections of society, including providing microfinance to small businesses, farmers, and low-income households.
- Commercial Banks:
Many commercial banks are actively involved in microfinance through priority sector lending mandates and partnerships with Microfinance Institutions (MFIs).
Other Options:
- Regional Rural Banks: These are significant contributors to microfinance in rural areas.
- Small Finance Banks: Focused on financial inclusion, these banks target microfinance as their core business.
- Commercial Banks: These banks also play an indirect role in microfinance through lending to MFIs or self-help groups.
