Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

What is the maximum amount of loan permissible under Pradhan Mantri MUDRA Yojana?

Options:

₹5 lakhs

₹12 lakhs

₹3 lakhs

₹10 lakhs

Correct Answer:

₹10 lakhs

Explanation:

The correct answer is Option 4 - ₹10 lakhs

The maximum loan amount permissible under the Pradhan Mantri MUDRA Yojana is Rs. 10 lakh. The scheme categorizes loans into three segments based on the stage of the business:

Shishu: Up to Rs. 50,000 (meant for new ventures)
Kishor: Up to Rs. 5 lakh (meant for existing businesses seeking stabilization)
Tarun: Rs. 5 lakh to Rs. 10 lakh (meant for business expansion)