PPB GOVERNMENT SCHEMES
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary objective of the Pradhan Mantri Mudra Yojana (PMMY)?
PMMY aims to provide loans up to Rs. 10 lakh to non-corporate, non-farm small and micro enterprises to support their growth and development.
What is the loan limit under PMMY's 'Shishu' category?
Up to Rs. 50,000 for micro enterprises.
Under PMMY, what are the three loan categories and their respective limits?
The three categories are Shishu (up to Rs. 50,000), Kishore (Rs. 50,001 to Rs. 5 lakh), and Tarun (Rs. 5,00,001 to Rs. 10 lakh).
What is the loan limit under PMMY's 'Kishor' category?
Rs. 50,001 to Rs. 5 lakh for growing businesses.
What is the Stand-Up India Scheme designed to achieve?
Stand-Up India facilitates bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste/Scheduled Tribe borrower and one woman borrower per bank branch for setting up greenfield enterprises.
What is the loan limit under PMMY's 'Tarun' category?
Rs. 5 lakh to Rs. 10 lakh for established micro units.
Under which Act is the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme operated?
CGTMSE is not governed by a specific Act but is a trust jointly set up by the Government of India and SIDBI in 2000 to provide credit guarantees to banks lending to MSEs without collateral.
What is the overdraft facility offered under Pradhan Mantri Jan-Dhan Yojana?
Rs. 10,000 overdraft to eligible account holders.
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