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Pradhan Mantri Mudra Yojana was launched on 8 April 2015 by Prime Minister Narendra Modi. Under the scheme, a loan of up to what amount is given under the sub-scheme ‘Tarun’?

1. ₹3 lakh to ₹5.0 lakh
2. ₹50,000 to ₹5.0 lakh
3. ₹1.0 lakh to ₹10.0 lakh
4. ₹5.0 lakh to ₹10.0 lakh

Correct answer: ₹5.0 lakh to ₹10.0 lakh

Solution

Under PMMY, Shishu covers loans up to ₹50,000, Kishor covers ₹50,000 to ₹5 lakh, and Tarun covers ₹5 lakh to ₹10 lakh. Therefore, the correct range for Tarun is ₹5 lakh to ₹10 lakh.

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