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SSC CPO 2019 PYQ — Question 81

SSC CPO Tier I - 11th December 2019 - Shift 2 • General Awareness • Q81

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What is the maximum amount of loan permissible under Pradhan Mantri MUDRA Yojana?

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Correct answer: D

Explanation

The correct answer is Option 4 i.e. Rs 10 Lakhs.

     Pradhan Mantri MUDRA Yojana (PMMY)
  • Pradhan Mantri MUDRA Yojana (PMMY) scheme launched on April 8, 2015, for providing loans up to 10 lakh to the small/micro-enterprises.
  • 'MUDRA' is Micro Units Development and Refinance Agency which is a public sector financial institution in India.
  • Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore', and 'Tarun'.
  •  Under the 'Shishu' Scheme, loans up to Rs 50,000 are provided.
  • Under 'Kishor' Scheme, loans above Rs 50,000 and up to Rs 5 Lakh are provided.
  • Under the 'Tarun' category, a loan of above Rs 5 Lakh and up to Rs 10 Lakh are provided.