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Programmes Targeting Poverty Alleviation

Ashok wants t...

Question

Ashok wants to set up a factory in his village to expand his business. However, he faces shortage of capital. In this case, which of the following schemes can Ashok avail to get a collateral-free loan?

A

Swarnajayanti Gram Swarozgar Yojana

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B

Rural Employment Generation Yojana

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C

Pradhan Mantri Mudra Yojana

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D

Pradhan Mantri Gramodaya Yojana

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Solution

The correct option is C Pradhan Mantri Mudra Yojana
The Pradhan Mantri Mudra Yojana was introduced in 2015 to facilitate self-employment. Under this scheme, collateral-free loans up to ₹10 lakh are provided to small business enterprises and individuals for setting up or expanding their business activities.

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