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How much maximum amount of loan can be taken from Pradhan Mantri Mudra Yojana (2015)?
Question

How much maximum amount of loan can be taken from Pradhan Mantri Mudra Yojana (2015)?

A.

6 lakh

B.

2.5 lakh

C.

10 lakh

D.

8 lakh

Correct option is C

The correct answer is: (c) 10 lakh
Explanation:
· Under PM Mudra Yojana, launched in 2015, small/micro enterprises can avail loans up to ₹10 lakh.
· The scheme offers loans in three categories: Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).
Information Booster:
· Administered by MUDRA Ltd., under SIDBI.
· No collateral required for loans under ₹10 lakh.
· Interest rates vary by lender and applicant profile.
· Loans used for business, manufacturing, trading.
· Scheme promotes self-employment and women entrepreneurship.

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