Question
What is the limit of annual household income for a
collateral free loanto be considered as a microfinance loan?Solution
A loan is considered as microfinance loans when it is: • a collateral-free loan, irrespective of end use and mode of application/ processing/ disbursal (either through physical or digital channels), provided to low-income households, i.e., households having annual 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. • To ensure collateral-free nature of the microfinance loan, the loan shall not be linked with a lien on the deposit account of the borrower.
Consider the following statements about MH-60 Romeo:
1. Indian Navy recently received the sixth MH-60R “Romeo” helicopter.
Number of bones in adult human body are?
Days and nights are equal at _______
Which one of the following is responsible for nuclear fission?
Which gland in the human body is also known as the "third eye"?
A fluorescent tube is a type of gas discharge lamp that uses which gas to produce visible light?
Through which launch vehicle did ISRO deploy an Earth Observation Satellite in August 2024?
India's very own Global Positioning System (GPS) which is set to hit the market for public use in early 2018 is known as the 'Indian Regional Navigation...
When silicon is doped with gallium, what type of semiconductor is formed?
A satellite is used for
Relevant for Exams:
