Question

    Which of the following statements is true about Pradhan Mantri MUDRA Yojana (PMMY)?

    (1) Under this scheme a loan up to 15 lakhs to the non-corporate, non-farm small/micro enterprises can be provided.

    (2) These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.

    A Neither 1 nor 2 Correct Answer Incorrect Answer
    B Both 1 and 2 Correct Answer Incorrect Answer
    C 1 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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