Question

What is the annual income threshold for households to qualify for collateral-free loans treated as microfinance loans?

A ₹2,50,000 Correct Answer Incorrect Answer
B ₹3,00,000 Correct Answer Incorrect Answer
C ₹3,50,000 Correct Answer Incorrect Answer
D ₹4,00,000 Correct Answer Incorrect Answer
E ₹4,50,000 Correct Answer Incorrect Answer

Solution

All collateral-free loans to individual/s belonging to low-income households, i.e., households having annual income up to ₹3,00,000 are treated as microfinance loans.

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