Economics · Banking and Financial Institutions
Under the regulatory framework updated by the Reserve Bank of India (RBI) for microfinance loans, what is the maximum permissible tenure or duration for a standard microfinance loan?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There is no ceiling on tenure; it is determined by the lender subject to regulatory guidelines✓
- 218 months
- 312 months
- 424 months
Correct answer
There is no ceiling on tenure; it is determined by the lender subject to regulatory guidelines
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