Question

Consider the following about Pradhan Mantri MUDRA Yojana (PMMY):

I. It is a scheme launched in 2014 for providing loans.

II. It providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises.

III. These loans are classified as MUDRA loans under PMMY.

Which of the above statement is/are not correct?

A I only Correct Answer Incorrect Answer
B II Only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I and II Only Correct Answer Incorrect Answer
E II and III only Correct Answer Incorrect Answer

Solution

The PMMY is a scheme launched in 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY.

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