Correct option is B
- Pradhan Mantri Mudra Yojana (PMMY) was launched on 8 April 2015 by the Prime Minister of India, Narendra Modi, with the objective of providing financial support to non-corporate, non-farm small/micro enterprises.
- Under this scheme, loans of up to ₹10 lakh are provided to small and micro enterprises, enabling them to expand their businesses, which ultimately supports job creation and the overall economy.
- The loans are offered under three categories: Shishu (up to ₹50,000), Kishore (₹50,000 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh), making it accessible to a wide range of entrepreneurs.
Additional Information:
- The Mudra (Micro Units Development & Refinance Agency) Yojana is part of the government's financial inclusion efforts and is aimed at boosting small businesses, particularly in the informal sector.
- The scheme provides funding for activities related to manufacturing, trading, and service sector enterprises.
Other Options:
- Bharat Rojgar Yojana: This scheme aims to provide employment opportunities, but it is not specifically related to micro-enterprise loans.
- Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA): This scheme focuses on providing employment to rural households but does not involve providing loans to enterprises.
- Pradhan Mantri Shram Yogi Maan-dhan: This scheme provides pension benefits to workers in the unorganized sector and is unrelated to providing loans for micro-enterprises.
