Question

Under which category of PM Mudra the loans up to Rs 50,000 is given to the entrepreneurial activities to small business units?

Q: Answer-Under which category of PM Mudra the loans up to Rs 50,000 is given to the entrepreneurial activitie...

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 institutionsCompanies NBFCs, Small Finance Banks, RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low-Rate Loans to eligible entities. Loans are sanctioned in three categories lsquoShishursquo covering loans up to Rs 50,000 lsquoKishorersquo covering loans from Rs 50,000 to Rs 5 lakh and lsquoTarunrsquo covering loans from Rs 5 lakh to Rs 10 lakh.