Question
Under the Pradhan Mantri Mudra Yojana (PMMY), which
newly introduced loan category extends financial assistance in the range of ₹10 lakh to ₹20 lakh (effective October 24, 2024)?Solution
The Pradhan Mantri Mudra Yojana (PMMY) provides collateral-free loans to micro and small enterprises under three original categories: • Shishu: Loans up to ₹50,000 • Kishore: Loans from ₹50,001 to ₹5 lakh • Tarun: Loans from ₹5 lakh to ₹10 lakh To further support growing enterprises, the government introduced a new category: • Tarun Plus: Covers loans between ₹10 lakh and ₹20 lakh. This new slab, effective October 24, 2024, is intended for entrepreneurs who have already availed and successfully repaid loans under the Tarun category, enabling them to expand their businesses further.  Correct Answer: Tarun Plus
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