Question
As per RBI guidelines, banks are mandated to provide
collateral-free loans to Micro and Small Enterprises (MSEs) up to what limit?Solution
Under the RBIās mandate for priority sector lending, banks must provide collateral-free loans to units in the Micro and Small Enterprises (MSE) sector: ā¢ Mandated limit: Up to ā¹10 lakh without collateral. ā¢ Extended limit: For MSE units with a good track record and healthy financials, banks may extend collateral-free credit facilities up to ā¹25 lakh at their discretion. This provision enhances financial inclusion, encourages entrepreneurship, and ensures that small businesses can access credit without the hurdle of pledging security. Ā Correct Answer: ā¹10 lakh (Option 2)
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