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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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