Which of the following is a guideline for banks when lending to the MSME sector?
1
Banks must accept collateral security for loans above Rs. 10 lakh.
2
Banks are required to acknowledge all loan applications from MSMEs.
3
Loans above Rs. 25 lakh are mandatory for MSMEs.
4
A composite loan limit of Rs. 50 lakh is provided to MSMEs.
5
Banks must reject all loans under the PMEGP without collateral.