Question 1
For a Housing Loan of ?35 Lakh in a Metro centre to be eligible for PSL, the overall cost of the dwelling unit should not exceed:
View Explanation
The overall cost of the dwelling unit should not exceed ?45 lakh in metropolitan centres and ?30 lakh in other centres for the loan (up to limits) to qualify as PSL.
Question 2
For a housing loan to be eligible for Priority Sector Lending in a non-metropolitan center (population < 10 Lakh), the cost of the dwelling unit should not exceed:
View Explanation
In non-metro centers, the loan limit is ?25 Lakh, and the overall cost of the dwelling unit must not exceed ?30 Lakh for PSL eligibility.
Question 3
Loans to "Distressed Farmers" indebted to non-institutional lenders are eligible for Priority Sector classification under:
View Explanation
Loans to distressed farmers indebted to non-institutional lenders (moneylenders) not exceeding ?1 Lakh per borrower are classified under Weaker Sections within the Priority Sector.
Question 4
For a Housing Loan to be eligible for Priority Sector Lending in a "Metropolitan" centre (population = 10 lakh), the loan limit is:
View Explanation
In Metropolitan centres, the loan limit is ?35 Lakh (with overall dwelling unit cost = ?45 Lakh). In Non-Metropolitan centres, the loan limit is ?25 Lakh (dwelling cost = ?30 Lakh).
Question 5
Loans to distressed farmers indebted to non-institutional lenders are eligible for Priority Sector Classification under "Weaker Sections" if the loan amount does not exceed:
View Explanation
The specific sub-limit for this category (distressed farmers) within the Weaker Sections target is ?1 Lakh per borrower.
