📢 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

    The Reserve Bank of India (RBI) doubled the limit for

    collateral-free loans to micro and small enterprises (MSEs) from 5 lakhs to 10 lakhs following which committees' recommendation?
    A Ganguly Committee Correct Answer Incorrect Answer
    B Nayak Committee Correct Answer Incorrect Answer
    C Chakrabarty Committee Correct Answer Incorrect Answer
    D VK Sharma Committee Correct Answer Incorrect Answer
    E Prime Minister’s Task Force on MSMEs Correct Answer Incorrect Answer

    Solution

    In 2010, the Reserve Bank of India (RBI) has increased the limit for collateral-free loans to Micro and Small Enterprises (MSEs) from ₹5 lakh to ₹10 lakh. This decision aligns with the recommendations of an RBI-constituted working group led by Executive Director V.K. Sharma. Banks are now mandated not to accept collateral security for loans up to ₹10 lakh extended to MSE units.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question