Question

A Joint Liability Group applies for a micro finance loan of ₹1.20 lakh per member for a non-farm activity. The household income is ₹3.5 lakh per annum. The branch manager is deciding PSL eligibility. Which is the correct treatment?

A Not eligible as income exceeds limit
B Eligible as amount per borrower is within limit
C Not eligible as non-farm excluded
D Eligible only if SHG sponsored
E Eligible only under NRLM
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