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      Question

      As per RBI guidelines, banks must dispose of all credit

      applications from Micro and Small Enterprises (MSEs) seeking loans up to â‚ą25 lakh within what maximum time frame?
      A 7 working days Correct Answer Incorrect Answer
      B 10 working days Correct Answer Incorrect Answer
      C 12 working days Correct Answer Incorrect Answer
      D 14 working days Correct Answer Incorrect Answer
      E 21 working days Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) has issued clear timelines to ensure timely and adequate flow of credit to the MSME sector: • For loan applications up to ₹25 lakh → Banks are required to process and communicate credit decisions within 14 working days. • For loan applications above ₹25 lakh and up to ₹5 crore → Banks must do so within 21 working days. This guideline ensures faster turnaround times for smaller enterprises that depend on quick credit to maintain operations and growth.  Correct Answer: 14 working days (Option 4)

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