Question

'Shishu', 'Kishore' and 'Tarun' are the three products created by __________ to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/growth

• A. MUDRA Yojana
• B. Jan Dhan Yojana
• C. Ayushman Bharat Yojana
• D. None of the above

Answer 1

The Correct Option is A

The question inquires about which program created the products 'Shishu', 'Kishore', and 'Tarun' to reflect the stages of growth and funding requirements of micro units or entrepreneurs in India. Let's examine the options:

1. MUDRA Yojana: MUDRA (Micro Units Development and Refinance Agency) Yojana is a Government of India initiative aimed at providing financial support to small and micro businesses. It specifically addresses the financial needs of the non-corporate, informal sector of micro and small enterprises. In this scheme, loans are categorized into three products to signify the stages of growth:
   • Shishu: Loans up to ₹50,000.
   • Kishore: Loans ranging from ₹50,001 to ₹5,00,000.
   • Tarun: Loans from ₹5,00,001 to ₹10,00,000.
2. Jan Dhan Yojana: Launched by the Government of India, this scheme focuses on opening bank accounts to promote financial inclusion. It does not have a specific structure involving stages of growth for businesses like 'Shishu', 'Kishore', and 'Tarun'.
3. Ayushman Bharat Yojana: This is a health insurance scheme that aims to provide health coverage to economically vulnerable Indians. It is not related to entrepreneurship or microfinance.
4. None of the above: This option can be ruled out since 'Shishu', 'Kishore', and 'Tarun' are clearly associated with the MUDRA Yojana.

From the above explanation, it is evident that the correct answer is MUDRA Yojana. This scheme categorically defines loans based on the growth stages and development needs of micro and small enterprises.

Conclusion: The correct option is MUDRA Yojana as it directly relates to the concepts of 'Shishu', 'Kishore', and 'Tarun', which are intended to categorize and facilitate the financing needs at various stages of business growth.