Economics · Banking Regulations
Under the revised Reserve Bank of India (RBI) Master Circular on Priority Sector Lending (PSL), what is the maximum permissible loan limit sanctioned to an individual for Housing under the Priority Sector, excluding loans sanctioned to commercial builders?
- 1Housing loan not exceeding Rupees 35 Lakh in metropolitan centres and Rupees 25 Lakh in other centres.✓
- 2Housing loan not exceeding Rupees 45 Lakh in metropolitan centres and Rupees 30 Lakh in other centres.
- 3Housing loan not exceeding Rupees 50 Lakh in metropolitan centres and Rupees 40 Lakh in other centres.
- 4Housing loan not exceeding Rupees 40 Lakh in metropolitan centres and Rupees 30 Lakh in other centres.
Correct answer
Housing loan not exceeding Rupees 35 Lakh in metropolitan centres and Rupees 25 Lakh in other centres.
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