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Pradhan Mantri Mudra Yojana (PMMY) Loan Scheme

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Questions and Answers

What is the primary objective of Pradhan Mantri Mudra Yojana (PMMY)?

To provide funding to the non-corporate small business sector (correct)
To provide funding to the agricultural sector
To provide funding to the industrial sector
To provide funding to the corporate sector

Where can borrowers file online applications for MUDRA loans?

MUDRA's website
SIDBI's website
Udyamimitra portal (www.udyamimitra.in) (correct)
PM's website

Which of the following institutions can extend Pradhan Mantri Mudra Yojana (PMMY) loans?

Only Public Sector Banks
Only Regional Rural Banks (RRBs)
Only Micro Finance Institutions
All Public Sector Banks, Regional Rural Banks (RRBs), Small Finance Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions and Non-Banking Finance Companies (correct)

What is the relationship between MUDRA and SIDBI?

MUDRA is a subsidiary of SIDBI (C) Signup and view all the answers

What is the authorized capital of MUDRA?

1000 crores (A) Signup and view all the answers

What is the paid-up capital of MUDRA?

750 crores (B) Signup and view all the answers

What is the primary objective of Pradhan Mantri MUDRA Yojana (PMMY)?

To provide loans up to 10 lakh to non-corporate, non-farm small/micro enterprises (B) Signup and view all the answers

What is the role of MUDRA in Pradhan Mantri MUDRA Yojana (PMMY)?

To provide refinancing to micro units enterprises (D) Signup and view all the answers

Who launched Pradhan Mantri MUDRA Yojana (PMMY)?

Narendra Modi (A) Signup and view all the answers

What is the maximum loan amount that can be provided under Pradhan Mantri MUDRA Yojana (PMMY)?

10 lakh (C) Signup and view all the answers

What is the relationship between SIDBI and MUDRA?

SIDBI and MUDRA are separate entities (D) Signup and view all the answers

What is the eligibility criteria for availing a MUDRA loan?

Non-corporate, non-farm small/micro enterprises are eligible (D) Signup and view all the answers

What is the main objective of Pradhan Mantri MUDRA Yojana (PMMY)?

To support the development and refinancing of micro units (C) Signup and view all the answers

What type of institutions can provide MUDRA loans?

Banks, NBFCs, and MFIs (A) Signup and view all the answers

What is the role of SIDBI in relation to MUDRA?

SIDBI is the parent company of MUDRA (D) Signup and view all the answers

How can one apply for a MUDRA loan?

Through the Udyamimitra portal (C) Signup and view all the answers

What is the authorized capital of MUDRA?

Rs. 1000 crore (A) Signup and view all the answers

What is the paid-up capital of MUDRA?

Rs. 750 crore (D) Signup and view all the answers

Which of the following is not a benefit of PMMY?

Tax exemptions for small businesses (D) Signup and view all the answers

What is the role of NBFCs and MFIs in PMMY?

To act as intermediaries for MUDRA loans (B) Signup and view all the answers

What is the target group for PMMY?

Micro and small enterprises (C) Signup and view all the answers

When was the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme launched?

24 February 2019 (D) Signup and view all the answers

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Study Notes

Pradhan Mantri MUDRA Yojana (PMMY)

Launched by Prime Minister Narendra Modi on April 8, 2015, to provide loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises.
Aimed at funding the non-corporate small business sector through various Last Mile Financial Institutions like banks, NBFCs, and MFIs.

Key Features

PMMY loans are extended by all Public Sector Banks, Regional Rural Banks (RRBs), Small Finance Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions, and Non-Banking Finance Companies.
Monitoring of PMMY progress is done at the State level through SLBC forum and at the National level by MUDRA/Department of Financial Services, Government of India.
MUDRA Ltd is a refinance agency and not a direct lending institution.

Loans and Application

MUDRA loans can be availed of from nearby branch offices of banks, NBFCs, MFIs, etc.
Borrowers can file online applications for MUDRA loans on the Udyamimitra portal (www.udyamimitra.in).

MUDRA Ltd

Set up by the Government of India for the development and refinancing of micro units enterprises.
Initially formed as a wholly-owned subsidiary of Small Industries Development Bank of India (SIDBI) with 100% capital contributed by SIDBI.
Authorized capital of MUDRA is ₹1000 crores, and paid-up capital is ₹750 crores, fully subscribed by SIDBI.