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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

    тАв 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. тАв Under the scheme, banks can extend loans of up to тВ╣15,000 per borrower (тВ╣20,000 in case of housing loans for SC/STs) at a concessional rate of 4% per annum. тАв This scheme aligns with the governmentтАЩs objective of promoting financial inclusion and supporting marginalized communities through affordable credit access.

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