Question

    Banks are mandated not to accept collateral security for

    MSE sector loans up to what amount?
    A ₹2 Lakh Correct Answer Incorrect Answer
    B ₹5 Lakh Correct Answer Incorrect Answer
    C ₹10 Lakh Correct Answer Incorrect Answer
    D ₹15 Lakh Correct Answer Incorrect Answer
    E ₹20 Lakh Correct Answer Incorrect Answer

    Solution

    As per RBI’s MSME lending guidelines, banks cannot demand collateral for loans up to ₹10 lakh to micro and small enterprises.

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