New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Consider the following statement about MUDRA Yojana:

    1. Shishu Loan: Loans of up to Rs fifty thousand. 2. Kishore Loan: Loans ranging from Rs fifty thousand to five lakh. 3. Tarun Loan: Loans ranging from Rs five lakh to Rs twenty lakh. Which of the above statement is/are not correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 and 2 both Correct Answer Incorrect Answer
    E 2 and 3 both Correct Answer Incorrect Answer

    Solution

    Loans provided under the MUDRA Yojana are classified into three types based upon the size of the loans granted. ·         Shishu Loan: Loans of up to Rs fifty thousand. ·         Kishore Loan: Loans ranging from Rs fifty thousand to five lakh. ·         Tarun Loan: Loans ranging from Rs five lakh to Rs ten lakh.

    Practice Next

    Relevant for Exams: