Economics · Economy
According to the Reserve Bank of India guidelines, a microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs _________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 5 lakhs
- 2Rs 3 lakhs✓
- 3Rs 8 lakhs
- 4Rs 1 lakh
Correct answer
Rs 3 lakhs
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