Question

Which of the following statements are correct?
(A) MUDRA loans under PMMY include Shishu Category
(B) MUDRA loans under PMMY include Kishore Category
(C) MUDRA loans under PMMY include Shaishav Category
(D) MUDRA loans under PMMY include Tarun Category
(E) MUDRA loans under PMMY include Vyask Category
Choose the correct answer from the options given below:

• A. (C), (B) and (E) only
• B. (C), (B) and (D) only
• C. (A), (B) and (E) only
• D. (A), (B) and (D) only

Answer 1

The Correct Option is D

The question requires us to identify the correct categories of loans under the Pradhan Mantri MUDRA Yojana (PMMY). Let's break down the categories:

1. Shishu: This category covers loans up to INR 50,000. It is designed to meet the basic requirements of starting a business.
2. Kishore: This category covers loans above INR 50,000 and up to INR 5 lakh. It is aimed at fulfilling the financial needs of entrepreneurs who have started their enterprise but are seeking further growth.
3. Tarun: This category provides loans above INR 5 lakh and up to INR 10 lakh. It is meant for business entrepreneurs looking to expand and solidify their operations.
4. Shaishav and Vyask: These are not recognized categories under the PMMY. Therefore, any options containing these are incorrect.

Given these classifications, the correct categories under MUDRA loans are Shishu, Kishore, and Tarun. Thus, the correct answer is options (A), (B), and (D), which correlate with Shishu, Kishore, and Tarun respectively.

Conclusion: The correct options are (A), (B), and (D) only.