Read the following passage carefully and answer the questions given below: Bangladesh is in a position today to champion a revolution in the micro finance industry , a revolution that necessitates the use of technology and innovation. Such a revolution would push the microfinance industry into the next generation . Just as the country broke away from the tradition that banking is only for the privileged and rich people, it can once again break away from the tradition the technology and innovation is only for the sophisticated and rich industries. Micro finance is a major industry of Bangladesh and currently it swerves more than 26 million borrowers. With technology and innovation , however, micro finance instructions in Bangladesh could serve more people who do not have access to finance using brunch less banking. They could improve access to financial service with the help of mobile banking and automated teller machine innovations that can be rolled out even in rural areas. They could expand their product and service offering to include savings, insurance, money transfers and remittance. In addition micro finance institutions could make their day to day operations more efficient by allowing industrial Headwaters to have up to date information about work being done in brunch offices and leasing with join officers spread throughout the country. Micro finance institutions can do so at a lower cost without fully overhauling their operations and thus save money to help their financial bottom line.

In what aspect of its operation can microfinance institutions bring about a revolutionary change ?

Created: 1 year ago | Updated: 1 year ago

Updated: 1 year ago

বলা হচ্ছে যে, কোন ধরণের কাজের ক্ষুদ্র ঋণ প্রতিষ্ঠানগুলো বৈপ্লবিক পরিবর্তন আনতে পারে?

Micro finance institutions can bring about revolutionary changes on society through providing branch less banking, mobile banking, Automatic Teller Machine Services By dint of these services. people from remote area can have access to the financial services unlikely from traditional banking. It helps people getting access over the financial services largely. This brings about revolutionary changes.

1 year ago

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