Question
Which of the following is not true about Pradhan Mantri Mudra Yojana? 1. Pradhan Mantri MUDRA Yojana (PMM
- Y 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. 2. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. 3. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarik' to signify the stage of growth / development and funding needs of the beneficiary. 4. The maximum loan amount that can be sanctioned under ‘Kishore’ Scheme is 5 lakhs.
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