For clean loan to SHGs, which of the DLP up to MMG-III is/are correct

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Scale I-5 lakh
B	Scale II 5 lakh
C	Scale III 10 lakh
D	all of the above

Explanation:

Detailed explanation-1: -Eligible loan amount to be calculated based on doses as mentioned for CC limits. For loans to SHGs up to Rs. 10.00 lakh, no collateral and no margin will be charged. No lien should be marked against savings bank account of SHGs and no deposits should be insisted upon while sanctioning loans.

Detailed explanation-2: -Answer. Answer: SHGs are the group of people(15-20 members) in rural India.

Detailed explanation-3: -Amount of Loan : Minimum of ₹6 lakh based on the Micro Credit Plan (MCP) prepared by SHG and appraised by the federations/support agency and the previous credit history.

Detailed explanation-4: -(ii) SHGs may avail either Term Loan (TL) or a Cash Credit Limit (CCL) or both based on their requirement.

There is 1 question to complete.