General Studies · Priority Sector Lending
A bank is evaluating three MSME loan applications for its 'Micro Enterprise' 7.5% sub-target: 'Swift Garments': Investment in machinery ₹80 lakh; Domestic Turnover ₹3 crore; Export Turnover ₹4 crore. 'Nano Tech Services': Investment in computers ₹20 lakh; Total Turnover ₹6 crore; It is a subsidiary of a large company with ₹500 crore turnover. 'Rural Weavers': No registered machinery; Total Turnover ₹20 lakh; No ITR filed yet. Which of these will qualify for the 'Micro Enterprise' sub-target under RBI Priority Sector Lending guidelines?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of them will qualify
- 2Only Swift Garments
- 3All three will qualify because their individual turnovers are small
- 4Only Swift Garments and Rural Weavers✓
Correct answer
Only Swift Garments and Rural Weavers
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