93. Consider the following statements about Pradhan Mantri MUDRA Yojana :
i) It will provide loans from public sector, regional, rural, State and urban cooperative banks to income generating agricultural enterprises.
ii) It is implemented by Ministry of Commerce & Industry.
Which of the above statements is/are correct?
93. Consider the following statements about Pradhan Mantri MUDRA Yojana :
i) It will provide loans from public sector, regional, rural, State and urban cooperative banks to income generating agricultural enterprises.
ii) It is implemented by Ministry of Commerce & Industry.
Which of the above statements is/are correct?
The correct option is D d) None
D) Explanation:
Pradhan Mantri MUDRA Yojana will provide loans from public sector, regional, rural, State and urban cooperative banks to non-farm income generating enterprises in manufacturing, trading and services whose credit needs are below Rs.10 lakh.
PMMY can be availed under three categories — Shishu, which will cover loans up to Rs.50,000; Kishor for loans above Rs. 50,000 and up to Rs.5 lakh; Tarun for loans above Rs.5 lakh and up to Rs.10 lakh.
It is implemented by Ministry of Finance.
D)
Explanation:
Pradhan Mantri MUDRA Yojana will provide loans from public sector, regional, rural, State and urban cooperative banks to non-farm income generating enterprises in manufacturing, trading and services whose credit needs are below Rs.10 lakh.
PMMY can be availed under three categories — Shishu, which will cover loans up to Rs.50,000; Kishor for loans above Rs. 50,000 and up to Rs.5 lakh; Tarun for loans above Rs.5 lakh and up to Rs.10 lakh.
It is implemented by Ministry of Finance.
