Economics · Banking and Finance
According to the Reserve Bank of India (RBI) guidelines updated in 2022, microfinance loans are defined as collateral-free loans given to households having an annual income up to how many rupees?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Three lakh rupees✓
- 2Four lakh rupees
- 3Two lakh rupees
- 4One lakh rupees
Correct answer
Three lakh rupees
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