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Question

Which of the following is CORRECT statement for Kishor category under Pradhan Mantri Mudra Yojana?

This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
Loan to small businessmen from 50 thousand up to 5 lakhs

Pradhan Mantri Mudra Yojana: Kishor Category Loan Details

The Pradhan Mantri Mudra Yojana (PMMY) is a scheme launched by the Government of India to provide loans up to 10,00,000 to non-corporate, non-farm small/micro enterprises. The loans are provided in three categories:

  • Shishu: Loans up to 50,000
  • Kishor: Loans from 50,001 to 5,00,000
  • Tarun: Loans from 5,00,001 to 10,00,000

The question specifically asks about the **Kishor category**. Based on the scheme's structure, the Kishor category covers loans ranging from above 50,000 up to 5,00,000.

Evaluating the given options:

  • Option 1: 25,000 up to 5 lakhs (₹5,00,000) - Incorrect range.
  • Option 2: 75,000 up to 15 lakhs (₹15,00,000) - Incorrect range.
  • Option 3: 35,000 up to 7.5 lakhs (₹7,50,000) - Incorrect range.
  • Option 4: 50,000 up to 5 lakhs (5,00,000) - This correctly represents the upper limit and the starting point (considering 'from 50 thousand' can include 50,000 itself or start just above it, aligning with the standard definition).

Therefore, the statement that accurately describes the Kishor category loan limits is the one specifying loans from 50,000 up to 5,00,000.

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