Question

    Pradhan Mantri MUDRA Yojana is aimed at

    A bringing the small entrepreneurs into formal financial system Correct Answer Incorrect Answer
    B providing loans to poor farmers for cultivating particular crops Correct Answer Incorrect Answer
    C providing pensions to old and destitute persons Correct Answer Incorrect Answer
    D funding the voluntary organizations involved in the promotion of skill development and employment generation. Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    MUDRA stands for Micro Units Development and Refinance Agency. Under the Pradhan Mantri MUDRA Yojana non-corporate, non-farm small/micro enterprises can avail loans of up to Rs ten lakh. It aimed at bringing the small entrepreneurs into a formal financial system.

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