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Under the Pradhan Mantri Mudra Yojana (PMMY), loans under the 'Tarun' category are provided in what financial range for eligible beneficiaries?
₹5,00,001 to ₹10,00,000
₹50,001 to ₹5,00,000
Up to ₹50,000
₹10,00,001 to ₹20,00,000
₹5,00,001 to ₹10,00,000
The Pradhan Mantri Mudra Yojana (PMMY) classifies loans into three categories based on the stage of growth and funding needs of the micro-units. The Tarun category specifically covers loans above 5 lakh rupees and up to 10 lakh rupees, intended for established enterprises seeking expansion.
The Pradhan Mantri Mudra Yojana (PMMY) classifies loans into three categories based on the stage of growth and funding needs of the micro-units. The Tarun category specifically covers loans above 5 lakh rupees and up to 10 lakh rupees, intended for established enterprises seeking expansion.
PMMY was launched on April 8, 2015, by the Prime Minister under the Micro Units Development and Refinance Agency (MUDRA) Bank, which is a subsidiary of SIDBI (Small Industries Development Bank of India).
Shishu category: Loans up to 50,000 rupees
Kishore category: Loans above 50,000 rupees and up to 5 lakh rupees
Tarun category: Loans above 5 lakh rupees and up to 10 lakh rupees
Loans under PMMY are collateral-free for micro and small non-farm enterprises
MUDRA was established as a non-banking financial company to promote the development of micro-enterprises in India.
The scheme focuses on non-corporate, non-farm small/micro enterprises in manufacturing, trading, and services sectors.
Option B (50,001 to 5,00,000) corresponds to the Kishore category.
Option C (Up to 50,000) corresponds to the Shishu category.
A is correct — The Tarun category under PMMY provides loans in the range of 5,00,001 to 10,00,000 rupees.
When studying PMMY, also review the 'Stand Up India' scheme, which provides bank loans between 10 lakh and 1 crore rupees for SC/ST or women entrepreneurs, as these two schemes are frequently compared in financial exams.
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