New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Under the MUDRA Shishu scheme, what percentage of

    interest subvention is provided to eligible borrowers?
    A 1% Correct Answer Incorrect Answer
    B 2% Correct Answer Incorrect Answer
    C 3% Correct Answer Incorrect Answer
    D 4% Correct Answer Incorrect Answer
    E 5% Correct Answer Incorrect Answer

    Solution

    The MUDRA Shishu scheme, which is a part of the Micro Units Development and Refinance Agency (MUDRA) initiative in India, provides an interest subvention or interest subsidy to small borrowers. Under the MUDRA Shishu scheme, borrowers can avail loans up to Rs. 50,000 (for small business and entrepreneurial activities). Previously, the Government of India had implemented an interest subvention scheme for MUDRA Shishu loans. Under this scheme, eligible borrowers were entitled to an interest subsidy of 2% per annum on their loans.

    Practice Next

    Relevant for Exams: