Question
A microfinance loan borrower is identified as a
household having annual household income not exceeding …………………….. Household shall mean an individual family unit, i.e., husband, wife and their unmarried children.Solution
A microfinance loan is defined as a collateral-free loan given to a household having an annual household income up to ₹3,00,000. For this purpose, the household shall mean an individual family unit, i.e., husband, wife and their unmarried children.
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