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    Question

    Axis Bank’s “Rooftop Solar Finance” scheme for

    MSMEs provides loans in which of the following ranges?
    A ₹5 lakh to ₹1 crore Correct Answer Incorrect Answer
    B ₹20 lakh to ₹5 crore Correct Answer Incorrect Answer
    C ₹10 lakh to ₹2 crore Correct Answer Incorrect Answer
    D ₹15 lakh to ₹3 crore Correct Answer Incorrect Answer
    E ₹25 lakh to ₹4 crore Correct Answer Incorrect Answer

    Solution

    Under the “Rooftop Solar Finance” initiative, Axis Bank offers collateral-free loans to MSMEs ranging from ₹10 lakh to ₹2 crore. The repayment tenure is flexible between 4 to 7 years. The product is designed to support MSMEs in adopting rooftop solar systems without exerting pressure on balance sheets or working capital cycles.

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