BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following is not a loan category of MUDRA bank?
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Shishu
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Arun
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Kishor
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Tarun
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Explanation:
Detailed explanation-1: -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-2: -There are three types of mudra loan schemes, namely Tarun, Kishor, and Shishu.
Detailed explanation-3: -The correct option is (d) Payday lender.
Detailed explanation-4: -It has no provision for concessional loans. This ‘refinance’ banking model is to be implemented through the public and private sector banks, NBFCs, MFLs, RRBs, District Banks, etc. Was this answer helpful?
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