What is the limit of annual household income for a collateral free loanto be considered as a microfinance loan?

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.