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RBI has increased the limit for collateral-free loans to Self Help Groups (SHG) under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) from Rs. 10 lakhs to ________________.
Correct Option is ₹20 lakh
Solution:RBI increase collateral-free loans to Self Help Groups. 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. The DAY-NRLM is the flagship program of Govt. of India for promoting poverty reduction through building strong institutions for the poor, particularly women, and enabling these institutions to access a range of financial services and livelihoods.
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