[A] It is a short-term liquidity window opened by the RBI exclusively for Regional Rural Banks (RRBs) to borrow funds at a rate lower than the Repo Rate.
[B] It is a provision under the Pradhan Mantri Jan Dhan Yojana (PMJDY) to provide zero-collateral loans to beneficiaries at a fluctuating interest rate.
[C] It is a long-standing government scheme that mandates banks to provide credit to the weakest sections of the community at a concessional and uniform interest rate of 4% per annum.
[D] It is a lending standard where the interest rate on loans is determined by the bank based on the borrower credit rating, with different rates for different risk profiles.
Notes:Explanation:
The Differential Rate of Interest (DRI) Scheme (or DIR) was launched in 1972. It is a social banking scheme requiring banks to provide loans to the most financially vulnerable groups (e.g., landless laborers, Scheduled Castes/Tribes) for productive purposes at a flat, highly concessional simple interest rate of 4% per annum.
