Q. The scheme aims to qualitative credit control of reserve bank of India

A
PMRY
B
IAY
C
SGRY
D
CAS
Solution:

The Credit Authorization Scheme (CAS) was launched in 1965 and was withdrawn in 1989. Under this scheme, all commercial banks had to obtain prior approval/authorization of the RBI before granting a loan of Rs. 1 crore or more to a single borrower.

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