The Pradhan Mantri Mudra Yojana (PMMY), launched in 2015, is a government initiative in India aimed at providing loans to micro/small/medium enterprises (MSMEs). The scheme offers collateral-free loans to individuals who want to set up or expand their businesses. A key feature of PMMY is the varying loan amounts available, depending on the specific needs of the business. The maximum loan amount that can be availed under PMMY is ₹10 lakh.
The different categories under PMMY are:
- Shishu: Loans up to ₹50,000
- Kishore: Loans from ₹50,001 to ₹5 lakh
- Tarun: Loans from ₹5 lakh to ₹10 lakh
Therefore, while smaller loans are available, the program's upper limit allows for a maximum loan of ₹10 lakh.
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Select the correct answer using the code given below.
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Select the correct answer using the code given below.
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Select the correct answer using the code given below.
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