Question
Which of the following is true regarding schemes like
PMMY? (i) these schemes mainly help farm activities. (ii) they fund manufacturing, trading and service sectors, and activities that are allied to agriculture. (iii) more that Rs 17 lakh crore loans worth 320 million dollars were sanctioned under this scheme in 2021.Solution
i- these schemes mainly help non-farm activities. ii- it is correct iii- As of December 2021, more than 320 million loans worth Rs 17 lakh crore have been sanctioned under PMMY.
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