Question
Which of the following can NOT be the Member Lending
Institutions for the Pradhan Mantri Mudra Yojana (PMMY)?Solution
Explanation: Under the Pradhan Mantri Mudra Yojana (PMMY), collateral-free institutional credit up to Rs. 10 lakh is provided by Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). Any individual, who is otherwise eligible to take a loan and has a business plan for small business enterprise can avail loan under the Scheme. S/he can avail loans for income generating activities in the manufacturing, trading, services sector and also for activities allied to agriculture across three loan products, viz. Shishu (loans up to Rs. 50,000), Kishore (loans above Rs. 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs. 5 lakh and up to Rs. 10 lakh).
____ social connecting app has launched one new feature âCommunitiesâ to connect multiple group.
What significant change did LIC make in its framework, as per the Life Insurance Corporation of India (shareholders' director) Regulations, 2023?
The largest national and global organization of its kind, International Economic Development Council (IEDC) is a non-profit membership organization serv...
Which state is hosting the 5th National EMRS Cultural & Literary Fest?
Power Finance Corporation aims to raise funds of up to _____through a public offering of non-convertible debentures (NCDs) in which the base issue size ...
The Uttar Pradesh government has approved how much drinking water supply schemes worth 1882 crores for its local people?
State Bank of India has set up_____Â Hubs at the Top 21 district centres across the country to provide quick and efficient transaction banking solution...
 Who has been appointed as the new Chief Election Commissioner (CEC) of India?
Adani Groupâs hydrogen blending project is based in which Indian city?
“Herath” is a festival related to?