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    Question

    What is the new collateral-free agricultural loan limit

    set by the RBI effective from January 1, 2025?
    A тВ╣1.5 lakh Correct Answer Incorrect Answer
    B тВ╣1.8 lakh Correct Answer Incorrect Answer
    C тВ╣2 lakh Correct Answer Incorrect Answer
    D тВ╣2.5 lakh Correct Answer Incorrect Answer
    E тВ╣3 lakh Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has increased the collateral-free agricultural loan limit from тВ╣1.6 lakh to тВ╣2 lakh per borrower, effective from January 1, 2025. This decision aims to provide better access to financial resources for small and marginal farmers, addressing rising input costs and inflation.

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