New Enroll in RBI Grade B New Batch - Starts on May 21

Question

Which of the following is NOT true about

microfinance? i. These loans are unsecured loans of Upto Rs. 1 lakh mostly given following group lending methodology. ii.Only NBFC MFIs are allowed to give microfinance loans iii. RBI regulates the microfinance sector

A Only i

B Only ii

C Only i & ii

D Only iii

E All of the above statements are correct

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Relevant for Exams:

SIDBI Grade A (Assistant Manager)