Economics · Indian Economy
The 'Pradhan Mantri MUDRA Yojana' (PMMY) scheme in India is primarily designed for:
- 1Affordable housing finance for the urban poor
- 2Providing low-interest educational loans for higher studies
- 3Funding and providing formal credit to non-corporate, non-farm small/micro enterprises✓
- 4Providing subsidised micro-credit to small farmers
Correct answer
Funding and providing formal credit to non-corporate, non-farm small/micro enterprises
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