Group loan under Mahila Bachat Gat is borrowed from bank at __________ lending rate.

Co-operative

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Reverse Repo

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Repo

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Fixed

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Co-operative
The Mann Deshi Mahila Sahakari Bank (MDMSB) was started as the first-ever women’s rural co-operative bank in Maharashtra. It aims at increasing financial capability of rural women through entrepreneurship development and provides loans at co-operative rates.

Suggest Corrections

Similar questions

Q. Under Mahila Bachat Gat, loan against gold is provided for the duration of ___.

Q. A farmer, for purchasing seeds and fertilisers, borrowed a loan from a co-operative bank. After two years he paid

R s 5434

and settled the account. If the rate of simple interest is

2 \frac{1}{4} %

per annum, what sum did he borrow?'

Q. Kamala borrowed ₹26400 from a bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years to clear the loan?

Kamala borrowed Rs. 26400 from a bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years to clear the loan?

Q. The cost of bank credit is determined in India by a system of benchmark prime lending rate which is charged by a bank to the most creditworthy customers, and all bank loans are given at a rate equal to or higher than the benchmark prime lending rate. What determines this rate of interest?

Join BYJU'S Learning Program

Group loan under Mahila Bachat Gat is borrowed from bank at __________ lending rate.

The correct option is A Co-operativeThe Mann Deshi Mahila Sahakari Bank (MDMSB) was started as the first-ever women’s rural co-operative bank in Maharashtra. It aims at increasing financial capability of rural women through entrepreneurship development and provides loans at co-operative rates.

The correct option is A Co-operative
The Mann Deshi Mahila Sahakari Bank (MDMSB) was started as the first-ever women’s rural co-operative bank in Maharashtra. It aims at increasing financial capability of rural women through entrepreneurship development and provides loans at co-operative rates.