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Question : Under the 2021 regulatory framework, what is the maximum tenure of a microfinance loan in India?

Option 1: 24 months

Option 2: 12 months

Option 3: 18 months

Option 4: 36 months


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Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: 36 months


Solution : The correct answer is 36 months.

The borrower is not required to provide any security or collateral for microloans. The maximum repayment term of 36 months is maintained, with a 2-month moratorium period permitted as per 2021 regulatory norms.

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