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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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