Current Affairs · Government Schemes
The following statements relate to the Pradhan Mantri MUDRA Yojana: Statement I: MUDRA is an NBFC supporting the development scheme of the micro-enterprise sector in the country. It provides refinance support to Banks/MFIs for lending to micro units having loan requirements up to Rs. 10 lakh. Statement II: MUDRA has created different products/schemes for refinancing loans. These interventions have been named 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur. Which of the following options is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements I and II are incorrect
- 2Both statements I and II are correct
- 3Statement II is correct, but I is incorrect✓
- 4Statement I is correct, but II is incorrect
Correct answer
Statement II is correct, but I is incorrect
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