📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      As per RBI guidelines, to qualify as a microfinance

      loan, the annual household income in rural areas should not exceed:
      A ₹2.5 lakh Correct Answer Incorrect Answer
      B ₹3.5 lakh Correct Answer Incorrect Answer
      C ₹3 lakh Correct Answer Incorrect Answer
      D ₹2 lakh Correct Answer Incorrect Answer
      E ₹1.5 lakh Correct Answer Incorrect Answer

      Solution

      RBI revised the income limit in March 2022. Now, microfinance loans are available to households with annual income up to ₹3 lakh in rural areas.

      Practice Next
      ask-question