PMMY and BASELIII
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for VIDEO LECTURES OF ASHISH SIR (FOR ALL SCALES) — Bank Promotions.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What does PMMY stand for?
PMMY stands for Pradhan Mantri MUDRA Yojana, a government scheme launched in April 2015 to provide loans up to Rs. 10 lakh to non-corporate, non-farm small and micro enterprises.
What is the loan amount range under the Shishu category of PMMY?
Up to Rs. 50,000
Under which Act was MUDRA established?
MUDRA (Micro Units Development and Refinance Agency) was established under the MUDRA Act as a statutory body, initially set up as a subsidiary of SIDBI.
What is the loan amount range under the Kishor category of PMMY?
Rs. 50,001 to Rs. 5 lakh
What are the three loan categories under PMMY?
The three categories are Shishu (loans up to Rs. 50,000), Kishore (loans from Rs. 50,001 to Rs. 5 lakh), and Tarun (loans from Rs. 5 lakh to Rs. 10 lakh).
What is the loan amount range under the Tarun category of PMMY?
Rs. 5 lakh to Rs. 10 lakh
What is the maximum loan amount available under PMMY?
The maximum loan amount under PMMY is Rs. 10 lakh, covered under the Tarun category for micro and small enterprises.
In which year was Pradhan Mantri MUDRA Yojana launched?
2015
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