Which of the following statements are correct?
(A) MUDRA loans under PMMY include Shishu Category
(B) 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:

Question

Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A):Small businesses are considered important to economic development.
Reason (R): Small businesses can be innovators of new products and provide speacialist support to larger companies.
In the light of the above statements, choose the most appropriate answer from the options given below:

Answer 1

MUDRA loans through the Pradhan Mantri Mudra Yojana (PMMY) are divided into three types: Shishu (loans up to 50,000), Kishore (50,001 to 5,00,000), and Tarun (5,00,001 to 10,00,000). These categories cater to various phases of micro and small business development. The terms ”Shaishav” and ”Vyask” are not included in this program.

The Correct Option is D

Solution and Explanation

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