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?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
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