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 household income up to:
- 1₹2,00,000
- 2₹3,00,000✓
- 3₹1,00,000
- 4₹4,00,000
Correct answer
₹3,00,000
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