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

    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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