MoRD Signed MoU with MicroSave to Optimise Community Investment Funds

Current Context: On August 24, 2024, the Ministry of Rural Development (MoRD) signed a Memorandum of Understanding (MoU) with MicroSave Consulting in New Delhi, India.

• This partnership aims to optimize Community Investment Funds (CIF) under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
• The collaboration focuses on enhancing financial inclusion, improving livelihoods, and ensuring sustainable development in rural areas.
• By leveraging MicroSave’s expertise, the initiative seeks to provide better financial services and support to rural communities, ultimately aiming to uplift the socio-economic status of the rural population.

Question:

1 Which organization partnered with the Ministry of Rural Development on August 24, 2024, to optimize Community Investment Funds?

• A) MicroSave Consulting
• B) NABARD
• C) World Bank
• D) United Nations Development Programme (UNDP)

Answer: A) The Ministry of Rural Development signed a MoU with MicroSave Consulting to enhance financial services and support rural communities by optimizing Community Investment Funds (CIF).