Loan up to ..... lakh in metropolitan centre and up to ..... lakh in other centre for repair to damaged dwelling unit confirming to overall cost of 45 lakh and 30 respectively are also classified as priority sector advance

BANKING GENERAL KNOWLEDGE

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

Loan up to ____ lakh in metropolitan centre and up to ____ lakh in other centre for repair to damaged dwelling unit confirming to overall cost of 45 lakh and 30 respectively are also classified as priority sector advance

A	10 & 8
B	10 & 5
C	10 & 6
D	None of the above

Explanation:

Detailed explanation-1: -In terms of the Compendium for SFBs, loans to individuals up to ₹ 28 lakh in metropolitan centres (with population of ten lakh and above) and ₹ 20 lakh in other centres, are eligible to be classified under priority sector, provided that the cost of dwelling unit does not exceed ₹ 35 lakh and ₹ 25 lakh, respectively. 3.

Detailed explanation-2: -Social infrastructure Loans up to a limit of Rs 5 crore per borrower for setting up schools, drinking water facilities and sanitation facilities. It includes the construction/ refurbishment of household toilets and water improvements at the household level.

Detailed explanation-3: -The Reserve Bank of India (RBI) has categorised renewable energy sector under priority sector lending for loans up to a limit of ₹30 crore.

There is 1 question to complete.