Current Affairs · Government Schemes
A group of 12 women in a village has formed a Self Help Group (SHG) and has been saving regularly for the last 8 months. They have been maintaining their books of accounts and have already internal-loaned their savings twice. They are now approaching the local Regional Rural Bank (RRB) for a first dose of bank credit under the DAY-NRLM scheme. What is the maximum amount of 'Cash Credit' limit the bank can sanction as the first dose based on their savings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 110 times the existing corpus/savings
- 28 times the existing corpus/savings
- 36 times the existing corpus/savings✓
- 44 times the existing corpus/savings
Correct answer
6 times the existing corpus/savings
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