With referenced to Pradhan Mantri MUDRA Yojana (PMMY) consider the following statements:1.It aims to provide loans up to 10 lakhs to the non-corporate, non-farm small/micro enterprises.2.The PMMY has benefitted all segments of Indian society.3.The maximum amount of loan is financed by the Kishore category under the PMMY.Which of the statements given above are correct?

Q. With referenced to Pradhan Mantri MUDRA Yojana (PMMY) consider the following statements:
1.It aims to provide loans up to 10 lakhs to the non-corporate, non-farm small/micro enterprises.
2.The PMMY has benefitted all segments of Indian society.
3.The maximum amount of loan is financed by the Kishore category under the PMMY.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and3 only

[D] 1, 2 and 3

Answer: A

Notes:

Explanation –

Statement 1 and 2 are correct. PMMY aims for providing loans up to 10 lakhs to the non-corporate, non-farm small/micro enterprises. PMMY has benefitted all segments of Indian society such as General, SC/STs, OBCs and Women.

Statement 3 is incorrect. There are three categories under PMMY – Shishu: Covering loans up to Rs. 50,000, Kishore: Covering loans above Rs. 50,000 and up to Rs. 5 lakhs, Tarun: Covering loans above Rs. 5 lakh and up to Rs. 10 lakhs.

Source: ForumIAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS