- PMMY aims to provide loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises. - The three categories are Shishu (up to ₹50,000), Kishor (above ₹50,000 and up to ₹5,00,000), and Tarun (above ₹5,00,000 and up to ₹10,00,000).
Its recommendations included promoting digital payments and financial inclusion, which are crucial for boosting cashless transactions. 179. How much loan amount will be granted by bank under “Pradhan Mantri Mudra Yojana” for industry, business and service under “Kishor enterprise” ?
Asked in CGPSC Prelims Exam 2017 · Topic: Money & Banking (Financial Inclusion: Strategies, Schemes (e.g., PMJDY), and Digitalization)
More Economic Development questions
- What is the maximum limit of loan at present, provided under the Prime Minister Mudra Yojana ?
- According to Statista, what is India's rank in the number of fintech unicorns worldwide?
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- Regarding India Post Payments Bank (IPPB), which of the following statements is/are correct? IPPB was established in 2016.
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- Which one of the following can be considered as a step towards achieving 'financial inclusion' in India ?
- 'Pradhan Mantri Jan Dhan Yojana' is run by :