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.