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    • Question

      As per revised RBI guidelines, what is the maximum

      annual household income for borrowers eligible under microfinance loans?
      A ₹1 lakh Correct Answer Incorrect Answer
      B ₹2 lakh Correct Answer Incorrect Answer
      C ₹3 lakh Correct Answer Incorrect Answer
      D ₹4 lakh Correct Answer Incorrect Answer
      E ₹5 lakh Correct Answer Incorrect Answer

      Solution

      The 2021 RBI microfinance framework raised the income cap to ₹3 lakh for both rural and urban households, widening access to microcredit.

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