Question
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched
by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to ……………………….lakh to the non-corporate, non-farm small/micro enterprisesSolution
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.
Which of the following best describes a 'kernel' in an operating system?
What major economic railway corridor program was announced by Nirmala Sitharaman in the Interim Budget 2024 to enhance the operations of passenger trains?
Which Indian port became the largest in terms of cargo volumes, handling 145.38 million tonnes in FY24? Â
The Indian women’s hockey team came from a goal down to beat Ireland 2-1and register its second win at the Cantor FitzgeraldU-21 International four-na...
How many medal(s) did India win in the World Athletics Championship 2022?
In which state of India does the 'Weinia Falls' lie?
The preamble to our constitution includes all the following except
The National Highways Authority of India (NHAI) has entered into a three-year Memorandum of Understanding with the National Remote Sensing Centre (NRSC)...
Identify whether the given statements about p-block elements are correct or incorrect.
Statement A: In p-block elements, the last electron enters...
Which part of the Constitution of India consists of the idea of a Welfare State?