Question
As per RBI PSL Guidelines, the threshold loans to
individuals for educational purposes not exceeding _____ will be considered as Priority Sector Lending (PSL).Solution
The Reserve Bank of India (RBI) has increased the threshold for education loan under priority sector lending to not exceeding ₹20 lakh from the earlier ₹10 lakh. However, experts said this may not help the students much, unless the model education loan scheme is relooked at.
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- A businessman sold a commodity for Rs. 4,250 and gained a profit of 25%. Find the new selling price if he decides to earn only 15% profit.
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