Have you ever taken a loan from a financial Institution?
Are you thinking of taking one?
Then, before you knock at the Door of a Bank, you should be aware that there are Loan limits in different sectors in India. Depending on the basic requirement of a sector, RBI has set limits on how much money can be raised from any Financial Institution.
Below is the list of Loan limits in different sectors. These sectors include Education, Housing, Agriculture, SMLE and others. This list is not only useful for General Knowledge but also for competitive examinations and Interviews related to Banks. So, if you are an aspirant of Bank PO then you must remember this list on Loan limits in Different Sectors in India and abroad.
Loan limits in different sectors
|Education loan||10 lac in India
20 lac abroad
|Housing||28lac is metropolitan
20 lac in other centers
|Agriculture||50 lac for a period not exceeding 12 months|
|Social Infrastructure||5 crore|
|Renewable Energy||15 crore|
|Small Medium and Large Enterprises (SMLE)||5 crore in micro & small
10 crore in medium enterprises
Now that know the loan limits in different sectors, you should also know FDI Limits in various sectors in India.