BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Maximum loan amount for financing four wheeler to farmers is ____ lakh
A
10
B
20
C
30
D
15
Explanation: 

Detailed explanation-1: -One Lakh) to ₹1.60 lakh (Rs. One Lakh Sixty Thousands). Accordingly, banks may waive security/ margin requirements for agricultural loans up to ₹1.60 lakh.

Detailed explanation-2: -State Bank of India is a leader in financing projects in the agriculture sector. They have helped millions of farmer across the country through their 16, 000 plus branches. They offer a variety of products like Kisan Credit Card, gold loan for crop production and multi-purpose gold loan for agriculture activities.

Detailed explanation-3: -Financing Four Wheeler Loans to a Farmer is sanctioned to purchase any new four-wheeler including jeep, SUV, station wagon, rural transport vehicle etc., for use in their farm management activities.

There is 1 question to complete.