Join 60,000+ competitive exam aspirants
or with email
Your Cart
Subtotal₹0
Total₹0
Examoogle • User • info@examoogle.com • EE-2024-8821
Chapter 1 of 12 • Page 1 of 248🔒 Protected PDF • Watermarked
Join 60,000+ competitive exam aspirants
Union Budget 2024-25 enhanced the limit of Mudra loans under the ‘Tarun’ category to _____ for entrepreneurs who have availed and successfully repaid previous loans.
₹15 lakh
₹20 lakh
₹12 lakh
₹25 lakh
₹20 lakh
Memorize the progression of Mudra categories: Shishu (up to ₹50k), Kishore (₹50k to ₹5 lakh), and Tarun (previously up to ₹10 lakh). Budget 2024-25 doubled the Tarun limit from ₹10 lakh to ₹20 lakh.
Union Budget 2024-25, Pradhan Mantri Mudra Yojana (PMMY) loan limit for 'Tarun' category.
Limitnew=Limitold+Increase
Memorize the progression of Mudra categories: Shishu (up to ₹50k), Kishore (₹50k to ₹5 lakh), and Tarun (previously up to ₹10 lakh). Budget 2024-25 doubled the Tarun limit from ₹10 lakh to ₹20 lakh.
Confusing the 'Tarun' limit increase with other categories like 'Kishore' or assuming the limit remains ₹10 lakh as per earlier guidelines.
Identify Initial State
Before the 2024-25 budget announcement, the maximum limit for loans under the 'Tarun' category of the Pradhan Mantri Mudra Yojana was ₹10 lakh.
LimitTarun,old=₹10 lakh
Analyze Budget Announcement
In the Union Budget 2024-25, the Finance Minister announced an enhancement of the loan limit for entrepreneurs who have already successfully availed and repaid previous Mudra loans.
LimitTarun,new=₹20 lakh
Verify against Options
The newly enhanced limit of ₹20 lakh matches Option B provided in the question.
OptionB=₹20 lakh
B is correct because the Union Budget 2024-25 increased the limit of Mudra loans under the ‘Tarun’ category to ₹20 lakh for eligible entrepreneurs.
Budget announcements regarding financial schemes (PMMY, SVANidhi, etc.) are common in competitive exams. Always note the 'who' (beneficiaries) and 'how much' (limit/subsidy) to distinguish between similar schemes.
Get instant step-by-step AI explanations, full shift Previous Year Papers (SSC GD, RRB, SSC JE), and regional rank analysis on the official Examoogle App.
Free Download • 100K+ Aspirants