Loans to individual for educational purpose, including vocational courses, not exceeding ..... lakh will be considered as eligible for priority sector classifications.

BANKING GENERAL KNOWLEDGE

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

Loans to individual for educational purpose, including vocational courses, not exceeding ____ lakh will be considered as eligible for priority sector classifications.

A	10
B	25
C	20
D	none of the above

Explanation:

Detailed explanation-1: -Loans to individuals for educational purposes, including vocational courses, not exceeding ₹ 20 lakh will be considered as eligible for priority sector classification.

Detailed explanation-2: -What is the loan limit for education under Priority Sector Lending (PSL) for studying in India and abroad respectively? Under Priority Sector Lending (PSL), the loans and advances granted to only individuals for educational purposes up to Rs. 10 lakh for studies in India and Rs. 20 lakh for studies abroad.

Detailed explanation-3: -For courses of duration upto one year: Upto INR 1, 00, 000. For courses of duration above one year & upto two years: Upto INR 1, 50, 000.

There is 1 question to complete.