RBI has raised the limit for collateral-free loans to Self-Help Groups (SHG) from Rs. 10 lakhs to what amount under DAY-NRLM?

• A. 30 lakhs
• B. 25 lakhs
• C. 20 lakhs
• D. 44 lakhs

Answer: (C)

The Reserve Bank of India has raised the limit for collateral-free loans to Self-Help Groups (SHG) under the DAY-NRLM (Deendayal Antyodaya Yojana - National Rural Livelihoods Mission) from Rs. 10 lakhs to Rs. 20 Lakhs.