Question
Which of the following is not a correct feature of a
microfinance loan as per RBI’s guidelines?Solution
As per RBI’s Harmonised Regulatory Framework for Microfinance Loans (2022), the key features are: • Collateral-free → All microfinance loans must be unsecured. • Eligibility → Available to households with annual income of up to ₹3,00,000 (not ₹2,00,000). • No lien-marking → The loan cannot be linked with or secured against the borrower’s deposit account. • Repayment flexibility → Lenders must offer repayment schedules (weekly, fortnightly, or monthly) as per borrower convenience. • No prepayment penalty → Borrowers can prepay without additional charges. Penalty, if any, is only on overdue amounts.
Under Section 36(2), what happens to enforcement when a Section 34 application (to set aside the award) is filed?
Incorporation document of an LLP has to be filed with-
Which of the following is a valid ground for processing personal data without consent under the Act?
Which new type of company was introduced in Companies Act 2013?Â
Which of the following is true regarding the registration of establishments under the Occupational Safety, Health and Working Conditions Code, 2020?
What is the time period by which the Adjudicating Authority may by order extend the duration of corporate insolvency resolution process beyond one hundr...
If A commits murder of C and B abets in the committing murder of C, then-
(PYQ) The "Doctrine of Lis Pendens" is provided under which Section of the Transfer of Property Act, 1882?
Section 37 of The Indian Contract Act, 1872 deals with_______.
Under what conditions can a beneficial owner create a pledge or hypothecation on securities owned through a depository as per the Depositories Act?
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