Pradhan Mantri Mudra Yojana is for:

Correct option is C

The correct answer is (c) Provision of funding to non-corporate small business sector.

Pradhan Mantri Mudra Yojana (PMMY), launched in 2015, aims to provide financial support to non-corporate small business sectors, such as micro, small, and medium enterprises (MSMEs). The scheme offers loans up to Rs. 10 lakhs to these businesses, enabling them to expand their operations and enhance employment. The loan is offered under three categories: Shishu, Kishore, and Tarun, based on the stage of growth of the business.

Information Booster:

• Shishu loans: Loans up to Rs. 50,000 for startups or new businesses.
• Kishore loans: Loans between Rs. 50,000 to Rs. 5 lakhs for businesses in their growth phase.
• Tarun loans: Loans between Rs. 5 lakhs to Rs. 10 lakhs for more established businesses.
• The scheme encourages self-employment and provides credit for various purposes such as working capital, equipment purchase, and business expansion.