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Question

Under which scheme are collateral free loans of up to ₹10 Lakh extended by the Member Lending Institutions (MLIs) in India?

This question was previously asked in
SSC CGL 2024 (Tier-I) Previous Year Paper (17-Sep-2024) (Shift 3)
The correct answer is

Pradhan Mantri MUDRA Yojana

Pradhan Mantri MUDRA Yojana provides collateral-free loans for entrepreneurs.

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Similar Questions

  1. In relation to payment banks, which of the following statements is INCORRECT?

  2. ____ was the first payments bank to start its commercial operation in November 2016 on a pilot basis.

  3. Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?

    (i) Acceptance of demand deposits
    (ii) Acceptance of time deposits
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  5. The real name of Babur, the founder of Mughal dynasty in India was:


Important Questions from Payment and Small Finance Banks

  1. Who is the founder of Grameen Bank?

  2. In relation to payment banks, which of the following statements is INCORRECT?

  3. ____ was the first payments bank to start its commercial operation in November 2016 on a pilot basis.

  4. Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?

    (i) Acceptance of demand deposits
    (ii) Acceptance of time deposits
    (iii) Issue of debit cards
    (iv) Issue credit cards

  5. The 'Make in India' initiative primarily focuses on which sector?

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