Pradhan Mantri Mudra Yojana (PMMY) is a scheme launched by the Hon'ble Prime Minister of India on April 8, 2015 for providing ______ to the non - corporate enterprises.

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Question

This question was previously asked in

SSC GD Constable (2022) Official Paper (Held On : 09 Feb 2023 Shift 4)

Answer 1

The correct answer is loan.Key Points

PMMY aims to provide loans up to Rs. 10 lakhs to non-corporate small business units.
PMMY has been launched under the aegis of the Micro Units Development and Refinance Agency (MUDRA) which is a subsidiary of Small Industries Development Bank of India (SIDBI).
The objective of PMMY is to promote entrepreneurship and facilitate the growth of small businesses in the country by providing easy access to credit.
The scheme offers three types of loans: Shishu (up to Rs. 50,000), Kishore (Rs. 50,001 to Rs. 5 lakhs) and Tarun (Rs. 5,00,001 to Rs. 10 lakhs).

Additional Information

Skill training is provided under other schemes such as Pradhan Mantri Kaushal Vikas Yojana.
- Encouraging aptitude towards employable skills and boosting working efficiency of potential and current daily wage earners are the goals of the PMKVY scheme.
- The average prize amount per individual has remained at ₹8,000.
House subsidy is provided under schemes such as Pradhan Mantri Awas Yojana.
- It is divided into two parts: the Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the impoverished in urban areas, and the Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G and PMAY-R) for those in rural areas.
- The Ministry of Housing and Urban Affairs oversees the former, while the Ministry of Rural Development oversees the latter.