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Under the Pradhan Mantri Mudra Yojana (PMMY), loans under the 'Tarun' category are provided for what amount range?
Up to ₹50,000
₹50,000 to ₹5 lakh
₹5 lakh to ₹10 lakh
Above ₹10 lakh
₹5 lakh to ₹10 lakh
The Pradhan Mantri Mudra Yojana (PMMY) classifies loans into three categories based on the stage of growth and funding needs. The Tarun category provides loans above ₹5 lakh and up to ₹10 lakh for established businesses seeking further expansion.
The Pradhan Mantri Mudra Yojana (PMMY) classifies loans into three categories based on the stage of growth and funding needs. The Tarun category provides loans above ₹5 lakh and up to ₹10 lakh for established businesses seeking further expansion.
PMMY was launched on April 8, 2015, under the administrative control of the Department of Financial Services, Ministry of Finance, Government of India.
Shishu category: Covers loans up to ₹50,000.
Kishore category: Covers loans from ₹50,001 to ₹5 lakh.
Tarun category: Covers loans from ₹5 lakh to ₹10 lakh.
The scheme aims to provide funding to non-corporate, non-farm small/micro enterprises.
The MUDRA (Micro Units Development and Refinance Agency Ltd.) was established as a subsidiary of SIDBI to provide refinance support to Banks/MFIs.
Option A refers to the Shishu category.
Option B refers to the Kishore category.
Collateral-free loans are a key feature of the PMMY scheme to encourage entrepreneurship.
C is correct — Tarun loans cater to the growth phase of micro-enterprises with funding requirements between ₹5 lakh and ₹10 lakh.
When studying PMMY, always link it with the 'Stand-Up India' scheme, which provides loans between ₹10 lakh and ₹1 crore to SC/ST and women entrepreneurs, ensuring you distinguish the loan limits clearly.
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