2017 · Q55
Standup India Programme envisages each bank branch to give loan between Rs. 10 lakh to Rs. 100 lakh
- 1to at least one SC/ST borrower
- 2to at least one woman borrower
- 3to at least one rural unemployed youth borrower
Select the correct answer using the code given below.
Indian EconomyBanking and RBI
- A1 only
- B2 and 3
- C1 and 3
- D1 and 2
Explanation
Stand-Up India mandates that each bank branch extend loans between Rs. 10 lakh and Rs. 100 lakh to at least one SC/ST borrower and at least one woman borrower for greenfield enterprises. There is no mandated quota for rural unemployed youth, so statement 3 is excluded and D (1 and 2) is correct.