2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
20 lakhs
|
|
|
25 lakhs
|
|
|
30 lakhs
|
|
|
44 lakhs
|
Detailed explanation-1: -(i) For loans to SHGs up to ₹10.00 lakh, no collateral and no margin will be obtained. No lien should be marked against savings bank accounts of SHGs and no deposits should be insisted upon while sanctioning loans.
Detailed explanation-2: -The scheme is limited to Women Self Help Groups under DAY-NRLM in rural areas only. ii. For loans up to ₹3 lakh under the scheme, banks will extend credit at a concessional interest rate of 7% per annum.
Detailed explanation-3: -Minimum Loan amount: Rs. 20, 000/-. Maximum loan amount: Rs. 3.00 Lakh.
Detailed explanation-4: -No separate CDD of the members or office bearers shall be necessary at the time of credit linking of SHGs. Opening of savings account of all members with the bank shall not be made a prerequisite for credit linkage of SHGs. Banks are advised to maintain separate Savings and loan account for Self Help Groups.