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

  • google app store apple app store
  • ✖

      Question

      What is the revised limit for collateral-free

      agricultural loans announced by the RBI?
      A ₹1 lakh Correct Answer Incorrect Answer
      B ₹1.6 lakh Correct Answer Incorrect Answer
      C ₹2 lakh Correct Answer Incorrect Answer
      D ₹2.5 lakh Correct Answer Incorrect Answer
      E ₹3 lakh Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India has increased the limit for collateral-free agricultural loans from ₹1.6 lakh to ₹2 lakh per borrower. This decision aims to enhance credit availability for small and marginal farmers in light of rising agricultural input costs and inflation.

      Practice Next

      Relevant for Exams:

      ask-question