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    Question

    In the Mudra Loan Scheme, which type of loan is

    available for the entrepreneurs?
    A Short Term Loan Correct Answer Incorrect Answer
    B Equipment/Machinery Loan Correct Answer Incorrect Answer
    C Working Capital Loan Correct Answer Incorrect Answer
    D Term Loan Correct Answer Incorrect Answer
    E Overdraft Facility Correct Answer Incorrect Answer

    Solution

    MUDRA Loan is offered under the Pradhan Mantri Mudra Yojana (PMMY) which was launched in 2015 with the aim to help small scale businesses expand and attain success.  MUDRA stands for Micro-Units Development and Refinance Agency. Under this scheme, borrowers can avail business loans ranging from Rs.50,000 to Rs.10 lakh  and also avail different types of loans in which one type is Working capital loan via MUDRA cards. 

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