New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Pradhan Mantri Mudra Yojana is aimed at increasing the

    confidence of young, educated or skilled workers who would now be able to aspire to become first generation entrepreneurs; existing small businesses, too, will be able to expand their activates. It was launched in _____________.
    A 2014 Correct Answer Incorrect Answer
    B 2015 Correct Answer Incorrect Answer
    C 2016 Correct Answer Incorrect Answer
    D 2018 Correct Answer Incorrect Answer
    E 2020 Correct Answer Incorrect Answer

    Solution

    The scheme was launched on 8th April 2015. Under the scheme a loan of upto Rs. 50,000 is given under sub-scheme 'Shishu'; between Rs. 50,000 to 5.0 Lakhs under sub-scheme 'Kishore'; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme 'Tarun'. Loans taken do not require collaterals. These measures are aimed at increasing the confidence of young, educated or skilled workers who would now be able to aspire to become first generation entrepreneurs; existing small businesses, too, will be able to expand their activates. As on 20.08.2021, Rs. 16,22,203 crores sanctioned in 30.7 crores accounts.

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