What is the maximum amount of loan permissible under Pradhan Mantri MUDRA Yojana?
Answer & explanation
Correct answer: option 4
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)