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      Question

      Under which category of PM Mudra the loans up to Rs

      50,000 is given to the entrepreneurial activities to small business units?
      A Kishore Correct Answer Incorrect Answer
      B Sishu Correct Answer Incorrect Answer
      C Tarun Correct Answer Incorrect Answer
      D Yuva Correct Answer Incorrect Answer
      E Vridh Correct Answer Incorrect Answer

      Solution

      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. Loans are sanctioned in three categories ‘Shishu’ (covering loans up to Rs 50,000); ‘Kishore’ (covering loans from Rs 50,000 to Rs 5 lakh) and ‘Tarun’ (covering loans from Rs 5 lakh to Rs 10 lakh).

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