Economics · Government Schemes
Which of the following statements is NOT correct regarding the Pradhan Mantri Mudra Yojana (PMMY)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There is no insistence on collateral security for the sanction of the loan.
- 2Under this scheme, both term loan and working capital requirements can be met.
- 3It grants loans of up to Rs. 15 lakhs for income-generating manufacturing, trading, and services sectors.✓
- 4It was launched in the year 2015.
Correct answer
It grants loans of up to Rs. 15 lakhs for income-generating manufacturing, trading, and services sectors.
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