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      Question

      According to RBI, a microfinance loan is a

      collateral-free loan to which type of household?
      A Middle-income Correct Answer Incorrect Answer
      B High net-worth Correct Answer Incorrect Answer
      C Priority sector Correct Answer Incorrect Answer
      D Low-income Correct Answer Incorrect Answer
      E Urban salaried Correct Answer Incorrect Answer

      Solution

      Households with income up to ₹3 lakh are eligible.

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