Question

    What is the new interest subvention rate for higher

    education loans as per the revised Model Skill Loan Scheme in the Union Budget 2024-25?
    A 1% Correct Answer Incorrect Answer
    B 2% Correct Answer Incorrect Answer
    C 3% Correct Answer Incorrect Answer
    D 4% Correct Answer Incorrect Answer
    E 5% Correct Answer Incorrect Answer

    Solution

    The Model Skill Loan Scheme has been revised to offer 3% interest subvention on loans up to Rs. 10 lakh for higher education in domestic institutions.

    Practice Next
    More Banking System in India Questions
    ask-question