BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the scheme, Under a loan of upto Rs. 50, 000 is given under sub-scheme ‘Shishu’; between Rs. 50, 000 to 5.0 Lakhs under sub-scheme ‘Kishore’; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’.
A
Pradhan Mantri Vaya Vandana Yojana
B
Pradhan Mantri Mudra Yojana
C
Pradhan Mantri Jan Dhan Yojana
D
Pradhan Mantri Suraksha Bima Yojana
Explanation: 

Detailed explanation-1: -Under the scheme a loan of upto Rs. 50, 000 is given under sub-scheme ‘Shishu’; between Rs.

Detailed explanation-2: -MUDRA loans are available in three categories. For small business, loans upto 50000/-/-is available under the ‘Shishu’ category and beyond 50, 000 and up to 5 lakh under the ‘Kishor’ category. It also offers loans beyond 5 lakh and up to 10 lakh under the Tarun category.

Detailed explanation-3: -Pradhan Mantri MUDRA Yojana (PMMY) Shishu : covering loans upto 50, 000/-Kishor : covering loans above 50, 000/-and upto 5 lakh. Tarun : covering loans above 5 lakh and upto 10 lakh.

Detailed explanation-4: -As a Mudra Kishore loan, you can avail anywhere between ₹50, 000 to ₹5 Lakhs depending on your scale of operations, eligibility, and monetary requirement.

Detailed explanation-5: -Maximum Loan amount up to Rs. 50, 000/-can be applied online in this scheme.

There is 1 question to complete.