Explanation:

Let’s break this down:

- Under DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission), the loan limit for Self Help Groups (SHGs) without collateral is actually Rs.10 lakhs.

- Option 2: Rs.10 Lakhs — That’s the official ceiling for collateral-free loans to SHGs.

- Option 1: Rs.2 lakhs — This used to be the limit, but it got revised upward a while back.

- Option 3: Rs.1 Lakh and Option 4: Rs.0.5 Lakh — These are just outdated or lower than what’s currently authorized.

- Option 5: Rs.2.5 Lakhs — Also not the real upper limit anymore.

So, if you’re looking for the latest, most accurate loan ceiling for SHGs under DAY-NRLM, it’s Rs.10 lakhs (Option 2).