Question

    What is the revised limit for collateral-free

    agricultural loans announced by the RBI?
    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 has increased the limit for collateral-free agricultural loans from ₹1.6 lakh to ₹2 lakh per borrower. This decision aims to enhance credit availability for small and marginal farmers in light of rising agricultural input costs and inflation.

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