Question

A microfinance loan borrower is identified as a

Q: Answer- A microfinance loan borrower is identified as a household having annual household income not excee...

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.

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

B 3 lakhs

C 5 lakhs

D 7.5 lakhs

E 10 lakhs

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