Question
Which of the following is not true about Pradhan Mantri Mudra Yojana? 1. Pradhan Mantri MUDRA Yojana (PMM
- Y is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises 2. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs 3. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarik' to signify the stage of growth / development and funding needs of the beneficiary 4. The maximum loan amount that can be sanctioned under ‘Kishore’ Scheme is 5 lakhs
More Current Financial Awareness Questions
- RBI granted i n- p rinciple Payment Aggregator l icence to Paytm . Which of the follow i ng is the correct description of a Payment A ggregator?
- Which bank opened a new branch in Lakshadweep, becoming the only private sector bank with a presence in this Union Territory?
- SIFTI is administered by:
- What percentage of global GDP is contributed by MSMEs, as per the United Nations?
- The provisioning norms for Standard assets which are Farm Credit to agricultural activities, individual housing loans and Small and Micro Enterprises (SMEs...
- To digitise the insurance marketplace to the benefit of policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has launched whi...
- In the PPF (Public Provident Fund) Scheme the amount gets locked in for a period of 15 years but if one has to withdraw it before the maturity then the mon...
- Which of the following is an entity that essentially helps banks to transfer the credit risk by buying their bad debts at mutually agreed value?
- Reinvestment risk would not occur if:
- A contract between two parties in which one party purchases protection from another party against losses from the default of a borrower for a defined perio...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)