Finance Minister Arun Jaitley launched hassle-free online loans for MSMEs valuing up to uline{1cm}

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Finance Minister Arun Jaitley launched hassle-free online loans for MSMEs valuing up to _________

A	8 million
B	3 million
C	5 million
D	10 million

Explanation:

Detailed explanation-1: -Arun Jaitley was born on 28 December 1952 in Delhi into a Punjabi Hindu Brahmin family. His father Maharaj Kishen Jaitley was a lawyer and mother Ratan Prabha Jaitley a housewife. He studied at St. Xavier’s Senior Secondary School, Delhi from 1957 to 1969.

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: -MSME loans are unsecured loans offered by several financial institutions to help entrepreneurs meet various business-related expenses. As per the Indian government and RBI, these loans are for certain business enterprises that fall under these categories: Company (Manufacturing or service provider) MICRO.

There is 1 question to complete.