Question

    What is the revised limit for collateral-free

    agriculture loans as per the recent RBI announcement?
    A ₹1 lakh Correct Answer Incorrect Answer
    B ₹1.6 lakh Correct Answer Incorrect Answer
    C ₹2 lakh Correct Answer Incorrect Answer
    D ₹2.5 lakh Correct Answer Incorrect Answer
    E ₹3 lakh Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has raised the limit for collateral-free agriculture loans to ₹2 lakh from the earlier ceiling of ₹1.6 lakh. This decision accounts for increasing agricultural input costs and inflation, ensuring better credit access for small and marginal farmers.

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