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Questions and Answers
What is the minimum requirement of microfinance loans for NBFC-MFIs according to the revised guidelines?
What is the minimum requirement of microfinance loans for NBFC-MFIs according to the revised guidelines?
- 100% of the total assets
- 25% of the total assets
- 75% of the total assets (correct)
- 50% of the total assets
Under the earlier guidelines, what was the maximum limit for an NBFC that does not qualify as an NBFC-MFI to extend microfinance loans?
Under the earlier guidelines, what was the maximum limit for an NBFC that does not qualify as an NBFC-MFI to extend microfinance loans?
- 5% of its total assets
- 20% of its total assets
- 15% of its total assets
- 10% of its total assets (correct)
What is the household annual income limit for rural households to be considered as a 'qualifying asset'?
What is the household annual income limit for rural households to be considered as a 'qualifying asset'?
- ₹75,000
- ₹1,00,000
- ₹2,00,000
- ₹1,25,000 (correct)
What is the maximum loan amount allowed in subsequent cycles for a 'qualifying asset'?
What is the maximum loan amount allowed in subsequent cycles for a 'qualifying asset'?
For loans amount exceeding ₹30,000, what is the minimum tenure required according to the 'qualifying asset' criteria?
For loans amount exceeding ₹30,000, what is the minimum tenure required according to the 'qualifying asset' criteria?
What percentage of aggregate amount of loans for income generation activities is required for a loan to be considered as a 'qualifying asset'?
What percentage of aggregate amount of loans for income generation activities is required for a loan to be considered as a 'qualifying asset'?
What has been defined as net assets?
What has been defined as net assets?
What is the revised limit on microfinance loans for NBFCs other than NBFC-MFIs?
What is the revised limit on microfinance loans for NBFCs other than NBFC-MFIs?
