Sishu, Kishore, and Tarun are the three loan product categories under the Pradhan Mantri MUDRA Yojana (PMMY). PMMY is a flagship scheme of the Government of India aimed at providing affordable credit to micro and small enterprises (MSEs) in the non-farm sector. MUDRA Ltd. (Micro Units Development and Refinance Agency Ltd.) is a public sector non-banking financial corporation established by the Government of India to support the growth of micro-enterprises. MUDRA provides refinance support to banks, NBFCs, and MFIs for lending to micro-enterprises. The loan categories under PMMY are: - Sishu: Loans up to ₹50,000 - Kishore: Loans above ₹50,000 and up to ₹5 lakh - Tarun: Loans above ₹5 lakh and up to ₹10 lakh These categories represent the schemes/products offered under the MUDRA framework.
Sishu, Kishore and Tarun are the schemes of :
Asked in OPSC CS Prelims 2020 · Topic: Money & Banking (Non-Banking Financial Companies (NBFCs): Types, Regulation, and Significance)
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Answer: B. Micro Units Development and Reference Agency Ltd.
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