The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is a legislation that allows banks and other financial organizations to recover bad loans effectively. The minimum loan size eligible for debt recovery under SARFAESI Act, 2002 is _______.
1
5 lakhs
2
10 lakhs
3
20 lakhs
4
25 lakhs
5
50 lakhs