UPSC Exam > UPSC Questions > What is the main focus of the Pradhan Mantri ...
Start Learning for Free
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?
- a)Providing housing for the unemployed.
- b)Offering interest-free loans to farmers.
- c)Encouraging self-employment and small businesses.
- d)Promoting higher education.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Pro...
The Pradhan Mantri Mudra Yojana (PMMY) is focused on encouraging self-employment among individuals by providing collateral-free loans to small and micro business enterprises.
View all questions of this test
Most Upvoted Answer
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Pro...
Main Focus of Pradhan Mantri Mudra Yojana (PMMY)
The main focus of the Pradhan Mantri Mudra Yojana (PMMY) is to encourage self-employment and small business ventures by providing access to credit for individuals who do not have easy access to formal banking channels. Here is an explanation of the key points:
Promoting Self-Employment
PMMY aims to promote self-employment among individuals who may not have the resources to start their own businesses. By providing financial assistance through loans, the scheme enables individuals to start small businesses and generate income for themselves.
Supporting Small Businesses
The scheme also targets existing small businesses that may require financial assistance to expand their operations or overcome financial hurdles. PMMY provides a platform for these businesses to access credit and grow their enterprises.
Empowering Entrepreneurs
PMMY empowers entrepreneurs by giving them the necessary financial support to turn their business ideas into reality. By providing loans at affordable interest rates, the scheme enables individuals to pursue their entrepreneurial dreams.
Financial Inclusion
One of the key objectives of PMMY is to promote financial inclusion by extending credit facilities to individuals who are often excluded from the formal banking sector. This helps in bridging the gap between the banking system and the unbanked population.
In conclusion, the Pradhan Mantri Mudra Yojana (PMMY) focuses on promoting self-employment, supporting small businesses, empowering entrepreneurs, and promoting financial inclusion. By providing access to credit, the scheme aims to create opportunities for individuals to improve their economic status and contribute to the growth of the economy.
The main focus of the Pradhan Mantri Mudra Yojana (PMMY) is to encourage self-employment and small business ventures by providing access to credit for individuals who do not have easy access to formal banking channels. Here is an explanation of the key points:
Promoting Self-Employment
PMMY aims to promote self-employment among individuals who may not have the resources to start their own businesses. By providing financial assistance through loans, the scheme enables individuals to start small businesses and generate income for themselves.
Supporting Small Businesses
The scheme also targets existing small businesses that may require financial assistance to expand their operations or overcome financial hurdles. PMMY provides a platform for these businesses to access credit and grow their enterprises.
Empowering Entrepreneurs
PMMY empowers entrepreneurs by giving them the necessary financial support to turn their business ideas into reality. By providing loans at affordable interest rates, the scheme enables individuals to pursue their entrepreneurial dreams.
Financial Inclusion
One of the key objectives of PMMY is to promote financial inclusion by extending credit facilities to individuals who are often excluded from the formal banking sector. This helps in bridging the gap between the banking system and the unbanked population.
In conclusion, the Pradhan Mantri Mudra Yojana (PMMY) focuses on promoting self-employment, supporting small businesses, empowering entrepreneurs, and promoting financial inclusion. By providing access to credit, the scheme aims to create opportunities for individuals to improve their economic status and contribute to the growth of the economy.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer?
Question Description
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer?.
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer?.
Solutions for What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What is the main focus of the Pradhan Mantri Mudra Yojana (PMMY)?a)Providing housing for the unemployed.b)Offering interest-free loans to farmers.c)Encouraging self-employment and small businesses.d)Promoting higher education.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup