Question
What is the concessional rate of interest applicable
under the Differential Rate of Interest (DRI) Scheme?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.
Four years back, the ratio of Rohan and Neha’s ages was 9:10. Twelve years from now, their ages will be in the ratio 11:12. What is Neha’s current a...
The ratio of age of A and his son is 9:5. If the difference of their ages 6 year ago is 12, then find the sum of ages of A and his son 15 year hence?
Six years ago, the age of 'R' compared to the age of 'M' six years from now was in the ratio 4:7. If the current average age of 'R' and 'M' is 33 years,...
The ages of A, B and C together are 40 years. B is thrice as old as A and C is 5 years older than A. What is the difference between ages of B and C?
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4 years ago, the ratio of the ages of A and B was 2:3 and after 4 years it will become 4:5. Find their present ages.
The ratio of age of A and his son is 11:3. If the difference of their ages 5 year ago is 24, then find the sum of ages of A and his son 14 year hence?
7 years ago, Meera’s age was equal to the Heena’s present age. The sum of Meera’s age 10 years from now and Heena’s age 5 years ago is 94 yea...
The ratio of the present age of 'I' to that of 'J' is 7:9. If eight years hence, the ratio of their ages will become 9:11, find the sum of their ages, e...
The sum of the ages of two persons is 60 years. In 5 years, the ratio of their ages will be 4:5. Find their present ages.
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