📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    What collateral-free loan amount are banks mandated to

    provide to units in the Micro and Small Enterprises (MSE) sector?
    A Up to ₹5 lakh Correct Answer Incorrect Answer
    B Up to ₹10 lakh Correct Answer Incorrect Answer
    C Up to ₹15 lakh Correct Answer Incorrect Answer
    D Up to ₹20 lakh Correct Answer Incorrect Answer
    E Up to ₹25 lakh Correct Answer Incorrect Answer

    Solution

    Banks are mandated to provide collateral-free loans up to ₹10 lakh to units in the MSE sector. For units with good track records, the limit can be increased to ₹25 lakh.  

    Practice Next
    ask-question