Exams › IBPS PO › General Awareness

As per the Union Budget, the Mudra loan limit will be enhanced from the current ₹10 lakh for those who have availed and successfully repaid loans previously taken under the Tarun category. What will be the new limit?

1. Rs. 15 lakh
2. Rs. 25 lakh
3. Rs. 30 lakh
4. Rs. 20 lakh

Correct answer: Rs. 20 lakh

Solution

The Union Budget proposal increased the MUDRA loan limit for borrowers who have successfully repaid previous Tarun loans. The new enhanced limit is ₹20 lakh. This is a policy-based banking awareness question.

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