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      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?
      A 1 only Correct Answer Incorrect Answer
      B 2 only Correct Answer Incorrect Answer
      C 3 only Correct Answer Incorrect Answer
      D 1 and 2 both Correct Answer Incorrect Answer
      E 2 and 3 both Correct Answer Incorrect Answer

      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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