Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the government to andldquo;fund the unfundedandrdquo;. What is the full form of MUDRA?a)Medium Units Development andamp; Refinance Agency Ltd.b)Micro Units Development andamp; Refinance Agency Ltd.c)Micro Units Development andamp; Restructuring Agency Ltd.d)Medium Units Development andamp; Restructuring Agency Ltd.e)None of the above/More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?

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Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the government to “fund the unfunded”. What is the full form of MUDRA?

a)
Medium Units Development & Refinance Agency Ltd.
b)
Micro Units Development & Refinance Agency Ltd.
c)
Micro Units Development & Restructuring Agency Ltd.
d)
Medium Units Development & Restructuring Agency Ltd.
e)
None of the above/More than one of the above

Correct answer is option 'B'. Can you explain this answer?

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Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the governm...

The government of India launched the Pradhan Mantri Mudra Yojana (PMMY) scheme to “fund the unfunded”. The aim of the scheme is to bring less funded enterprises to the formal financial system and extending affordable credit to them.

The scheme ensures that a small borrower gets credit from all Public Sector Banks such as PSU Banks, Private Sector Banks, Regional Rural Banks, Foreign Banks, Micro Finance Institutions (MFI), Co-operative banks. PM Modi launched the scheme on 8th April 2015.
Any Indian Citizen who has a business plan about any income-generating activity like manufacturing, processing, etc can get Micro Units Development & Refinance Agency Ltd. (MUDRA) loans under Pradhan Mantri Mudra Yojana (PMMY) of up to 10 Lakhs. However, it is applicable to the business plans of the non-farm sector.

Important Points

Under the aegis of Pradhan Mantri MUDRA Yojana, loans are given in three categories:
- Shishu: Loans are given up to the need for 50,000/-.
- Kishor: Loans are given above 50,000/- and up to 5 lakh.
- Tarun: It covers loans above 5 lakh and up to 10 lakh.

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Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the governm...

The scheme ensures that a small borrower gets credit from all Public Sector Banks such as PSU Banks, Private Sector Banks, Regional Rural Banks, Foreign Banks, Micro Finance Institutions (MFI), Co-operative banks. PM Modi launched the scheme on 8th April 2015.
Any Indian Citizen who has a business plan about any income-generating activity like manufacturing, processing, etc can get Micro Units Development & Refinance Agency Ltd. (MUDRA) loans under Pradhan Mantri Mudra Yojana (PMMY) of up to 10 Lakhs. However, it is applicable to the business plans of the non-farm sector.

Important Points

Under the aegis of Pradhan Mantri MUDRA Yojana, loans are given in three categories:
- Shishu: Loans are given up to the need for 50,000/-.
- Kishor: Loans are given above 50,000/- and up to 5 lakh.
- Tarun: It covers loans above 5 lakh and up to 10 lakh.

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Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the government to “fund the unfunded”. What is the full form of MUDRA?a)Medium Units Development & Refinance Agency Ltd.b)Micro Units Development & Refinance Agency Ltd.c)Micro Units Development & Restructuring Agency Ltd.d)Medium Units Development & Restructuring Agency Ltd.e)None of the above/More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?

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