New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which new category has been introduced under the Pradhan

    Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
    A Shishu Plus Correct Answer Incorrect Answer
    B Kishore Plus Correct Answer Incorrect Answer
    C Tarun Plus Correct Answer Incorrect Answer
    D Growth Plus Correct Answer Incorrect Answer
    E Udyam Plus Correct Answer Incorrect Answer

    Solution

    The Pradhan Mantri Mudra Yojana has introduced a new category called "Tarun Plus" to cover loans ranging from ₹10 lakh to ₹20 lakh. This new limit took effect on October 24, 2024. This announcement also introduces a new loan category, Tarun Plus, designed specifically for those who have previously availed and successfully repaid loans under the Tarun category, allowing them to access funding between ₹10 lakh and ₹20 lakh.  

    Practice Next

    Relevant for Exams: