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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 ₹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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