New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the maximum loan amount available under the

    "Shishu" category of the Pradhan Mantri Mudra Yojana (PMMY)?
    A Rs. 25,000 Correct Answer Incorrect Answer
    B Rs. 50,000 Correct Answer Incorrect Answer
    C Rs. 1 lakh Correct Answer Incorrect Answer
    D Rs. 5 lakh Correct Answer Incorrect Answer
    E Rs. 10 lakh Correct Answer Incorrect Answer

    Solution

    The Pradhan Mantri Mudra Yojana (PMMY) categorizes loans for micro and small enterprises into "Shishu" (up to ₹50,000), "Kishore" (₹50,001 to ₹5 lakh), "Tarun" (₹5 lakh to ₹10 lakh) ,  and "Tarun plus" (₹10 lakh to 20 lakh) ( based on the stage of growth and funding needs of the beneficiary. 

    Practice Next

    Relevant for Exams: