Question
Download Solution PDFIn how many categories are loans provided under the MUDRA loan scheme?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- 4 categories are provided under the MUDRA loan scheme.
- The categories are Shishu, Kishore, Tarun, and Tarun +.
- Shishu category covers loans up to ₹50,000, Kishore category covers loans above ₹50,000 and up to ₹5 lakh, and Tarun category covers loans above ₹5 lakh and up to ₹10 lakh. Tarun Plus: Rs. 10 lakh and up to Rs. 20 lakhs
- The MUDRA loan scheme aims to support micro and small enterprises in India by providing them with necessary financial assistance.
Additional Information
- The MUDRA loan scheme was launched by the Government of India in April 2015.
- MUDRA stands for Micro Units Development and Refinance Agency.
- The scheme is part of the Pradhan Mantri MUDRA Yojana (PMMY).
- It aims to provide financial support to the non-corporate, non-farm small/micro enterprises.
- The loans under the MUDRA scheme are collateral-free and can be availed from commercial banks, RRBs, small finance banks, MFIs, and NBFCs.
- The scheme has been instrumental in fostering entrepreneurship and generating employment in the country.
Last updated on May 28, 2025
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