The Assam Microfinance Incentive and Relief Scheme (AMFIRS) was launched to address the issue of:

The correct answer is: a) Over-indebtedness among borrowers.

The Assam Microfinance Incentive and Relief Scheme (AMFIRS) was launched in 2011 to address the issue of over-indebtedness among borrowers in the state of Assam. The scheme provides financial assistance to borrowers who are unable to repay their loans due to unforeseen circumstances, such as illness, death of a family member, or loss of employment. The scheme also provides training and counseling to borrowers to help them manage their finances and avoid over-indebtedness in the future.

The other options are incorrect because:

• Option b) Fiscal deficit is a government’s budget deficit, which is the difference between the government’s revenue and expenditure. The AMFIRS is not a scheme to address fiscal deficit.
• Option c) Lack of banking access in rural areas is a problem that exists in many developing countries, including India. The AMFIRS is not a scheme to address this problem.
• Option d) Counterfeit currency is a problem that exists in many countries, including India. The AMFIRS is not a scheme to address this problem.