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    Question

    What is the concessional rate of interest applicable

    under the Differential Rate of Interest (DRI) Scheme?
    A 2% per annum Correct Answer Incorrect Answer
    B 3% per annum Correct Answer Incorrect Answer
    C 4% per annum Correct Answer Incorrect Answer
    D 5% per annum Correct Answer Incorrect Answer
    E 10% per annum Correct Answer Incorrect Answer

    Solution

    • The Differential Rate of Interest (DRI) Scheme was introduced to provide concessional credit to weaker sections of society, enabling them to undertake productive and gainful activities. • Under the scheme, banks can extend loans of up to ₹15,000 per borrower (₹20,000 in case of housing loans for SC/STs) at a concessional rate of 4% per annum. • This scheme aligns with the government’s objective of promoting financial inclusion and supporting marginalized communities through affordable credit access.

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