Question 87

Which of the following statements are correct?
(A) MUDRA loans under PMMY include Shishu Category
(8) MUDRA loans under PMMY include Kishore Category
(C) MUDRA loans under PMMY include Shaishav Category
(D) MUDRA loans under PMMY include Tarun Category
(E) MUDRA loans under PMMY include Vyask Category
Choose the correct answer from the options given below:

Solution

The Pradhan Mantri MUDRA Yojana (PMMY) provides loans to micro and small enterprises under three categories:

  1. Shishu (Up to ₹50,000): This category is for very small businesses or startups looking for small loans.
  2. Kishore (₹50,001 to ₹5 lakh): This category is for businesses that are slightly larger or need more working capital.
  3. Tarun (₹5,00,001 to ₹10 lakh): This category is for more established businesses that require larger amounts of funding for expansion.

Hence, the answer is (A), (B) and (D) only


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