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Pradhan Mantri Mudra Yojana was launched on 8th April 2015 by Prime Minister Narendra Modi. Under the scheme a loan of up to what amount is given under sub-scheme ‘Tarun’?

Pradhan Mantri Mudra Yojana was launched on 8th April 2015 by Prime Minister Narendra Modi. Under the scheme a loan of up to what amount is given under sub-scheme ‘Tarun’? Correct Answer Rs. 5.0 Lakhs to 10.0 Lakhs<br>

The correct answer is Rs. 5.0 Lakhs to 10.0 Lakhs.
Key Points

  • Pradhan Mantri Mudra Yojana (PMMY) was launched on 8th April 2015.
  • It was launched by Prime Minister Narendra Modi.
  • Under the scheme, a loan of up to different amounts is given under various sub-scheme- 
Sub schemes Loan Amounts
Shishu Rs. 50,000 
Kishore Rs. 50,000 to 5.0 Lakhs
Tarun Rs. 5.0 Lakhs to 10.0 Lakhs
  • ​Loans taken under this scheme do not require any collateral.
  • These measures were established with the aim to increase the confidence of young, educated, or skilled workers.
  • With the help of this scheme they would be able to aspire to become first-generation entrepreneurs; existing small businesses, too, will be able to expand their activates.

 

Additional Information

  •  Prime Minister-Narendra Modi.
    • Constituency- Varanasi.

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