Question
Which new category has been introduced under the Pradhan
Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?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.
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