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

2 years

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6 month

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8 months

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1 year

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Solution

The correct option is D 1 year
The gold loan is provided for 30 months and no repayment or gestation period which exempts the SHG from paying any instalment to the bank is for full 1 year. After completion of 1 year, the SHG ought to pay the instalments in 30 months

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

The correct option is D 1 yearThe gold loan is provided for 30 months and no repayment or gestation period which exempts the SHG from paying any instalment to the bank is for full 1 year. After completion of 1 year, the SHG ought to pay the instalments in 30 months

The correct option is D 1 year
The gold loan is provided for 30 months and no repayment or gestation period which exempts the SHG from paying any instalment to the bank is for full 1 year. After completion of 1 year, the SHG ought to pay the instalments in 30 months