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      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.
      A 2 lakhs Correct Answer Incorrect Answer
      B 3 lakhs Correct Answer Incorrect Answer
      C 5 lakhs Correct Answer Incorrect Answer
      D 7.5 lakhs Correct Answer Incorrect Answer
      E 10 lakhs Correct Answer Incorrect Answer

      Solution

      A microfinance loan is defined as a collateral-free loan given to a household having an annual household income up to β‚Ή3,00,000. For this purpose, the household shall mean an individual family unit, i.e., husband, wife and their unmarried children.

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