Identify the scheme that was launched by the Prime Minister on 8 April 2015 for providing loans up to ₹10 lakh to the non-corporate, non-farm small/micro enterprises:

Correct option is B

The correct Ans is (b) Pradhan Mantri Mudra Yojana The Pradhan Mantri Mudra Yojana (PMMY) was launched on 8 April 2015 by the Government of India to provide financial support to non-corporate, non-farm small/micro enterprises. Under this scheme, loans of up to ₹10 lakh are offered without collateral through financial institutions. These loans are categorized into three types:
· Shishu: Loans up to ₹50,000
· Kishor: Loans between ₹50,000 and ₹5 lakh
· Tarun: Loans between ₹5 lakh and ₹10 lakh
The objective of the scheme is to promote entrepreneurship and financial inclusion in the unorganized sector.
Information Booster:
· The Mudra Yojana is implemented through banks, microfinance institutions, and non-banking financial companies.
· It is aimed at encouraging women entrepreneurs, small traders, artisans, and other self-employed individuals.
· The scheme ensures collateral-free credit for small businesses, thereby reducing financial barriers for startups and micro-enterprises.
· Mahatma Gandhi National Rural Employment Guarantee Act (Option c): Focuses on rural employment and does not provide loans.
· Pradhan Mantri Shram Yogi Maandhan (Option d): A pension scheme for workers in the unorganized sector.