Current Affairs · Government Schemes
A small retail shop owner in an urban locality has been operating for two years and is registered under the Udyam portal. They need a loan of Rs. 4.5 lakh for renovating the shop. They previously successfully repaid a microfinance loan of Rs. 40,000. Under which category of the Pradhan Mantri Mudra Yojana (PMMY) does this application fall, and what is the typical collateral requirement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Kishore category; Mortgage of the shop is required.
- 2Tarun category; Third-party guarantee is mandatory.
- 3Kishore category; No collateral security is required.✓
- 4Shishu category; No collateral security is required.
Correct answer
Kishore category; No collateral security is required.
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