Pradhan Mantri MUDRA Yojana (PMMY) 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. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth. The Union Budget presented by the Hon'ble Finance Minister Shri Arun Jaitley, for FY 2015-16, announced the formation of MUDRA Bank. Accordingly MUDRA was registered as a Company in March 2015 under the Companies Act 2013 and as a Non Banking Finance Institution with the RBI on 07 April 2015. MUDRA was launched by the Hon'ble Prime Minister Shri Narendra Modi on 08 April 2015 at a function held at Vigyan Bhawan, New Delhi.
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Pipe ‘A’ can fill a tank in 50 hours whereas leak ‘A’ can empty it in 60 hours. If they both operate along with pipe ‘B’, then the given tan...
Pipes 'A' and 'B' have the capacity to fill a tank in 12 hours and 15 hours, respectively. Conversely, pipe 'C' can drain the same tank in 20 hours. Ini...
Two pipes A and B are opened together to fill a tank. Both the pipes fill the tank in time “x”. If A separately takes 8 minute more time than “x...
Two pipes, A and B, can independently fill the tank in 20 minutes and 30 minutes respectively, while pipe C can empty 12 gallons from the tank in 4 min...
Two pipes P and Q can fill a tank in 48 minutes and 64 minutes respectively. If both the pipes are opened simultaneously, after how much time Q should b...