📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    With reference to the Credit Card Scheme for Micro

    Enterprises announced in Union Budget 2025–26, consider the following statements:   The credit limit per card is ₹5 lakh.   It is targeted at micro enterprises registered on the Udyam Portal.   A total of 15 lakh cards are to be issued in the first year.   Which of the statements given above is/are correct?  
    A 1 and 2 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1, 2, and 3 Correct Answer Incorrect Answer
    E 1 only Correct Answer Incorrect Answer

    Solution

    Explanation:  

    • Statements 1 and 2 are correct — the scheme provides ₹5 lakh credit and targets micro enterprises on the Udyam Portal.  
    • Statement 3 is incorrect — 10 lakh cards will be issued in the first year, not 15 lakh  

    Practice Next
    More Alternate Sources of Finance Questions

    Relevant for Exams:

    ask-question