A) bringing the small entrepreneurs into formal financial system.
B) providing loans to poor farmers tor cultivating particular crops.
C) providing pensions to old and destitute persons.
D) funding the voluntary organisations involved in the promotion of skill development and employment generation.
Correct Answer: A
Solution :
Exp. [a] Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to 'fund the unfunded' by bringing such enterprises to the formal financial system and extending affordable credit to them. It enables a small borrower to borrow from all Public Sector Banks such as PSU Banks, Regional Rural Banks and Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions (MFI) and Non-Banking Finance Companies (NBFC) for loans uptoRs.10 lakh for non-farm income generating activities. The scheme was launched on 8th April, 2015 by the Hon'ble Prime Minister.
You need to login to perform this action.
You will be redirected in
3 sec
