Question
The Pradhan Mantri Mudra Yojana completed 10 years of
its launch. The government introduced a new category under this scheme to cover loans between ₹10 lakh and ₹20 lakh. What is this new category called?Solution
The Pradhan Mantri Mudra Yojana has introduced a new category called "Tarun Plus" to cover loans ranging from ₹10 lakh to ₹20 lakh. This new limit took effect on October 24, 2024. This announcement also introduces a new loan category, Tarun Plus, designed specifically for those who have previously availed and successfully repaid loans under the Tarun category, allowing them to access funding between ₹10 lakh and ₹20 lakh.
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