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RBI revised the guidelines by which the Banks are asked to provide funds at ____% interest to women SHGs under DAY-NRLM? 
  • a)
    7
  • b)
    8
  • c)
    9
  • d)
    15
  • e)
    25
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
RBI revised the guidelines by which the Banks are asked to provide fun...
Answer – 1. 7
Explanation

Reserve Bank of India (RBI) issued revised guidelines on Interest Subvention Scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), stating that banks will provide funds to women Self Help Groups (SHGs) in rural areas at 7 per cent under the DAY-NRLM in current fiscal, 2017-18. RBI issued above mentioned revised guidelines as received from the Ministry of Rural Development. These guidelines will be implemented by 21 public sector banks and 19 private banks.
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RBI revised the guidelines by which the Banks are asked to provide funds at ____% interest to women SHGs under DAY-NRLM?a)7b)8c)9d)15e)25Correct answer is option 'A'. Can you explain this answer?
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