Multiple choice

As per the new guidelines issued by the National Housing Bank, persons marginally above the poverty line can avail a one-time loan for housing and income generating activities. What is the limit of the total loan one can get for the same?

  1. Rs. 50,000

  2. Rs. 60,000

  3. Rs. 70,000

  4. Rs. 75,000

  5. Rs. 1,00,000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The National Housing Bank (NHB) guidelines for the Golden Jubilee Rural Housing Finance Scheme set the loan limit for individuals marginally above the poverty line at Rs. 70,000. This was a specific policy measure aimed at promoting rural housing.

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