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    Question

    Under which category of PM Mudra the loans up to Rs

    50,000 is given to the entrepreneurial activities to small business units?
    A Kishore Correct Answer Incorrect Answer
    B Sishu Correct Answer Incorrect Answer
    C Tarun Correct Answer Incorrect Answer
    D Yuva Correct Answer Incorrect Answer
    E Vridh Correct Answer Incorrect Answer

    Solution

    Pradhan Mantri Mudra Yojana was launched in April 2015 by the Prime Minister, the Mudra Yojana aims to enable Micro Finance Institutions (MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks, RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low-Rate Loans to eligible entities. Loans are sanctioned in three categories ‘Shishu’ (covering loans up to Rs 50,000); ‘Kishore’ (covering loans from Rs 50,000 to Rs 5 lakh) and ‘Tarun’ (covering loans from Rs 5 lakh to Rs 10 lakh).

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