Who pioneered the concept of microcredit and founded the Grameen Bank?

Correct Answer: Muhammad Yunus

Subject: 2025

Explanation: <b>Key Fact</b><br>Nobel Peace Prize laureate Muhammad Yunus of Bangladesh pioneered microfinance and microcredit by establishing the Grameen Bank.<br><br><b>Additional Info</b><br>Topic: Financial Inclusion & Banking.<br><br><b>Why the other options are wrong</b><br>Option A: Dr. A.P.J. Abdul Kalam was an eminent scientist and former President of India.<br>Option B: Amartya Sen won the Nobel Prize in Economics for welfare economics and poverty studies.<br>Option C: Correct.<br>Option D: Atal Bihari Vajpayee was former Prime Minister of India.<br><br><b>Exam Trick</b><br>Grameen Bank = Microcredit pioneer = Muhammad Yunus (Nobel Peace Prize 2006).<br><br><b>Final Answer</b><br>Option C — Muhammad Yunus.

Who pioneered the concept of microcredit and founded the Grameen Bank? | 2025 | Gyaanify | Gyaanify