The Pradhan Mantri Mudra Yojana (PMMY) was implemented by the Government of India in 2015 to provide collateral free loans up to ______ for facilitating selfemployment.
- A₹5 lakh
- B₹10 lakh
- C₹20 lakh
- D₹15 lakh
Solution & Step-by-step Explanation
Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, to provide collateral-free loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises. The loans are classified into three categories: Shishu (up to ₹50,000), Kishore (₹50,000 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).