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• Pradhan Mantri Mudra Yojana was launched in April 2015 by the Prime Minister, the Mudra Yojana aims to enable Micro Finance Institutions (MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks, RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low Rate Loans to eligible entities. • Banks have extended loans of Rs 18.6 trillion to about 34.4 crore beneficiaries so far under the Pradhan Mantri Mudra Yojana (PMMY). • Women make up over 68% of the Mudra account holders and 22% of the loans were disbursed to new entrepreneurs. • 51% of total sanctioned loans have gone to beneficiaries in the SC/ST/ OBC categories. • The scheme was launched by the Prime Minister on April 8, 2015. • Mudra loans are extended to three categories of borrowers — Sishu, Kishore and Tarun. • Customers seeking loans up to Rs 50,000 come under the Sishu category; the Kishore category, above Rs 50,000 and up to Rs 5 lakh; and the Traun category loan above Rs 5 lakh and up to Rs 10 lakh.
PACS deals directly with the rural (agricultural) borrowers, give those loans and collect repayments of loans. What does PAC stand for?
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
Which Article of the Constitution of India grants power to the President to appoint Judges of the Supreme Court?
Which scheme replaced the MPLADS fund temporarily during COVID-19?
Who is the CEO of IBM?
Identify the correct statement.
The Reserve Bank of India (RBI) has announced the launch of a special 100-day campaign to trace and settle unclaimed deposits in every district of the c...
Which state government launched a self-reliant farmer integrated development scheme in 2021?
As per the APY chart, a 18 year old investor will have to contribute how much money per month, if he or she chooses ₹5000 monthly pension post-retirem...
Bharatanatyam and Kuchipudi dancer Yamini Krishnamurthy was awarded which of the following awards in 2016?