Loans under PM Mudra Loan Yojana are classified in which of the following categories ? A. Shishu B.…
Under the Pradhan Mantri MUDRA Yojana (PMMY), loans to micro-enterprises are classified by business stage and funding need into Shishu (up to Rs. 50,000), Kishore (above Rs.…
Choose your answer
Loans under PM Mudra Loan Yojana are classified in which of the following categories ?
A. Shishu
B. Tarun
C. Kishore
D. Prodh
E. Varidh
Answer and explanation
Correct answer A
Under the Pradhan Mantri MUDRA Yojana (PMMY), loans to micro-enterprises are classified by business stage and funding need into Shishu (up to Rs. 50,000), Kishore (above Rs. 50,000 up to Rs. 5 lakh) and Tarun (above Rs. 5 lakh up to Rs. 10 lakh). 'Prodh' and 'Varidh' are not MUDRA loan categories, so only Shishu, Tarun and Kishore are correct.
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