Multiple choice

What is the maximum amount of education loan that can be classified as a part of priority sector loan?

  1. Rs. 20 lakh for education in India and Rs. 20 lakh abroad.

  2. Rs. 10 lakh for education in India and Rs. 10 lakh abroad.

  3. Rs. 10 lakh, irrespective of the sanctioned amount.

  4. Rs. 20 lakh for education in India and Rs. 10 lakh abroad.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Loans to individuals for educational purposes (including vocational courses) up to Rs. 10 lakh, irrespective of the sanctioned amount will be considered as eligible for priority sector.

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