Consider the following statements regarding microfinance in India.
1. Microfinance lending has been in place since the 1990s.
2. A new regulatory framework for NBFC-MFIs was introduced based on the recommendations of the Malegam Committee.
3. Small Finance Banks (SFBs) handles banking activities to the “unserved and underserved” sections of the population.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3