Pradhan Mantri Mudra Yojana (PMMY) Scheme Purpose
The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme launched by the Government of India on April 8, 2015.
Scheme Objective: The primary goal of PMMY is to provide funding to the non-corporate, non-farm small/micro enterprises. These enterprises are often excluded from traditional banking systems.
Support Provided: PMMY facilitates access to financial support through:
- Loans: It provides loans ranging from ₹50,000 to ₹10 lakh under the categories of 'Shishu', 'Kishor', and 'Tarun'.
- Non-Loans: Includes instruments like working capital, letters of credit, etc.
Analysis of Options:
- Skill training: While skill development is important for enterprises, it's not the primary financial product offered by PMMY.
- House: PMMY is focused on business finance, not housing.
- Subsidy: PMMY primarily offers credit facilities (loans), not direct subsidies.
- Loan: This aligns directly with the scheme's core function of providing credit to eligible non-corporate enterprises.
Therefore, the Pradhan Mantri Mudra Yojana provides loans to non-corporate enterprises.
Important Questions from Government Schemes
Name the web portal launched by the Department of Telecommunication sharing information on mobile towers and EMF Emission Compliances.
In July 2021, which of the following persons declared herself/himself brand ambassador of 'Khadi Prakritik Paint', made from cow dung by the Khadi and Village Industries Commission?
Which of the following schemes was launched for the welfare of the unorganised sector workers and labourers on 26 August 2021?
Which of the following schemes was launched for the welfare of the unorganised sector workers and labourers on 26 August 2021?
In which year was the Digital India mission launched?
