New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Revolving Fund: DAY-NRLM, MoRD, would provide Revolving

    Fund (RF) support to SHGs in existence for a minimum period of 3/6 months and follow the norms of good SHGs, i.e. they follow ‘Panchasutra’ – regular meetings, regular savings, regular internal lending, regular recoveries and maintenance of proper books of accounts. Only such SHGs that have not received any RF earlier would be provided with RF, as corpus, with a minimum of _______ and up to a maximum of _____ per SHG. The purpose of RF is to strengthen their institutional and financial management capacity and build a good credit history within the group.
    A 10000-15000 Correct Answer Incorrect Answer
    B 15000-20000 Correct Answer Incorrect Answer
    C 25000-30000 Correct Answer Incorrect Answer
    D 25000-50000 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next