A microfinance loan is a collateral-free loan.
A microfinance loan is a collateral-free loan.
A microfinance loan should be linked with a lien on the deposit account of the borrower.
A microfinance loan should be linked with a lien on the deposit account of the borrower.
A microfinance loan is given to a household having annual household income up to ₹3,00,000.
A microfinance loan is given to a household having annual household income up to ₹3,00,000.
When giving a micro loan, a household means an individual family unit, i.e., husband, wife, and their unmarried children.
When giving a micro loan, a household means an individual family unit, i.e., husband, wife, and their unmarried children.
Correct Answer:
A microfinance loan should be linked with a lien on the deposit account of the borrower.
सूक्ष्मवित्त ऋण को उधारकर्ता के जमा खाते पर ग्रहणाधिकार (लियन) के साथ जोड़ा जाना चाहिए।
