RBI RBI on August 9 2021 under the Deendayal Antyodaya Yojana National Rural Livelihoods Mission DAY...........

Current GK (IBPS-CL) Rural Development Programmes

RBI (RBI) on August 9, 2021, under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) has extended mortgage-free loans to self-help groups of ten lakhs. has been increased from _______.

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IBPS Clerk Main (8th Oct 2022)

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twelve lakh

sixteen lakh

fourteen lakh

twenty lakh

None of the above

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Explanation:

Correct Option is 3: twenty lakh

The Reserve Bank of India has notified the enhancement of collateral-free loans to self-help groups (SHGs) from Rs 10 lakh to Rs 20 lakh under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
• The entire loan (irrespective of the loan outstanding, even if it subsequently goes below Rs 10 lakh) would be eligible for coverage under Credit Guarantee Fund for Micro Units (CGFMU).