CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a schemes offered by MUDRA bank
A
Shishu
B
Kishor
C
Tarun
D
Nari
Explanation: 

Detailed explanation-1: -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?

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: -There are three types of mudra loan schemes, namely Tarun, Kishor, and Shishu.

Detailed explanation-4: -Which of the following cannot grant loans under MUDRA Yojana? Explanation: Payments Bank cannot grant loan.

There is 1 question to complete.