New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    All loans under AIF financing facility will have

    interest   subvention of 3% per annum up to a limit of ₹ _____ Lakhs,  Financing will be done for initial ___ years after launch
    A 50,5 Correct Answer Incorrect Answer
    B 200, 6 Correct Answer Incorrect Answer
    C 100, 6 Correct Answer Incorrect Answer
    D 300, 5 Correct Answer Incorrect Answer
    E 100, 5 Correct Answer Incorrect Answer

    Solution

    All loans under this financing facility will have interest subvention of 3% per annum up to a limit of ₹ 2  crore. This subvention will be available for a maximum period of 7 years. In case of loans beyond ₹ 2 crore,  then interest subvention will be limited up to ₹ 2 crore. 

    Practice Next