As per Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022, a microfinance loan is defined as a collateral-free loan given to a household having annual household income up to ______ For this purpose, the household shall mean an individual family unit, i.e., husband, wife, and their unmarried children.

Correct option is D

•  RBI was established on April 1, 1935, under the provisions of the Reserve Bank of India Act, 1934.
•   In present the headquarters of the RBI is located in Mumbai, Maharashtra.
•   First Foreign Governor: Sir Osborne Smith, a British national, was the first foreign Governor of the RBI. He served from 1935 to 1937.
•   First Indian Governor: Sir Chintaman Dwarakanath Deshmukh was the first Indian Governor of the RBI. He served from 1943 to 1949.