Question
Consider the following statement about MUDRA Yojana:
1. Shishu Loan: Loans of up to Rs fifty thousand. 2. Kishore Loan: Loans ranging from Rs fifty thousand to five lakh. 3. Tarun Loan: Loans ranging from Rs five lakh to Rs twenty lakh. Which of the above statement is/are not correct?Solution
Loans provided under the MUDRA Yojana are classified into three types based upon the size of the loans granted. · Shishu Loan: Loans of up to Rs fifty thousand. · Kishore Loan: Loans ranging from Rs fifty thousand to five lakh. · Tarun Loan: Loans ranging from Rs five lakh to Rs ten lakh.
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