BANKING GENERAL KNOWLEDGE
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Question
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What is the financial limit Under MUDRA’s Tarun scheme?
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Rs. 40 lakh to Rs. 50 lakh
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Rs. 30 lakh to Rs. 40 lakh
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Rs. 20 lakh to Rs. 30 lakh
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Rs. 5 lakh to Rs. 10 lakh
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Explanation:
Detailed explanation-1: -Above-Rs 50, 000 & Maximum up to Rs.10 lakhs can be sanctioned to meet need-based requirement. In case of Working Capital, assessment will be done by Turnover method.
Detailed explanation-2: -Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises.
Detailed explanation-3: -Given as a part of the Pradhan Mantri Mudra Yojana, the Mudra Tarun loan can help you secure funding of anywhere between ₹5 to ₹10 lakhs. You can use this money to set up a new business, expand your operations or even meet heavy working capital requirements.
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