Current Affairs · Banking and Finance
As per the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022, a microfinance loan is defined as a collateral-free loan given to a household having an annual household income up to _________. For this purpose, the household shall mean an individual family unit, i.e., husband, wife, and their unmarried children.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,25,000
- 2₹3,00,000✓
- 3₹2,00,000
- 4₹5,00,000
Correct answer
₹3,00,000
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