Question

Which of the following statements is true about Pradhan Mantri MUDRA Yojana (PMMY)?

(1) Under this scheme a loan up to 15 lakhs to the non-corporate, non-farm small/micro enterprises can be provided.

(2) These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs.

A Neither 1 nor 2 Correct Answer Incorrect Answer
B Both 1 and 2 Correct Answer Incorrect Answer
C 1 only Correct Answer Incorrect Answer
D 2 only Correct Answer Incorrect Answer

Solution

The correct answer is D

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