New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What is the new collateral-free agricultural loan limit

    set by the RBI effective from January 1, 2025?
    A ₹1.5 lakh Correct Answer Incorrect Answer
    B ₹1.8 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 increased the collateral-free agricultural loan limit from ₹1.6 lakh to ₹2 lakh per borrower, effective from January 1, 2025. This decision aims to provide better access to financial resources for small and marginal farmers, addressing rising input costs and inflation.

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