Q27. Consider the following statements regarding Pradhan Mantri MUDRA Yojana
1. It will provide loans from public sector, regional, rural, State and urban cooperative banks to farm as well as non-farm income generating enterprises.
2. 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.
Which of the above statement(s) is/are correct?

(a) Only 1

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(b) Only 2

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(d) None of the above

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Solution

The correct option is B (b) Only 2
It will provide loans from public sector, regional, rural, State and urban cooperative banks to non-farm income generating enterprises

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Similar questions

Q. 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?

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Which of the above statement(s) is/are correct?

Q. Consider the following statements about the Payment banks:Which of the above statement(s) is/are correct?

Only 3
Only 1 & 3
None of the Above
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The correct option is B (b) Only 2It will provide loans from public sector, regional, rural, State and urban cooperative banks to non-farm income generating enterprises

The correct option is B (b) Only 2
It will provide loans from public sector, regional, rural, State and urban cooperative banks to non-farm income generating enterprises