Q. Micro Credit in India comes under which the following activities?
Answer: Non Banking Finance
Notes: Micro Credit in India primarily falls under Non-Banking Finance. This sector includes financial institutions that provide loans and financial services without being classified as banks. Microfinance institutions (MFIs) play a crucial role in providing small loans to low-income individuals, promoting entrepreneurship and financial inclusion. As of 2021, India had over 1,000 MFIs, importantly contributing to poverty alleviation and women's empowerment.