22 Questions
What is the primary objective of Pradhan Mantri Mudra Yojana (PMMY)?
To provide funding to the non-corporate small business sector
Where can borrowers file online applications for MUDRA loans?
Udyamimitra portal (www.udyamimitra.in)
Which of the following institutions can extend Pradhan Mantri Mudra Yojana (PMMY) loans?
All Public Sector Banks, Regional Rural Banks (RRBs), Small Finance Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions and Non-Banking Finance Companies
What is the relationship between MUDRA and SIDBI?
MUDRA is a subsidiary of SIDBI
What is the authorized capital of MUDRA?
1000 crores
What is the paid-up capital of MUDRA?
750 crores
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
What is the role of MUDRA in Pradhan Mantri MUDRA Yojana (PMMY)?
To provide refinancing to micro units enterprises
Who launched Pradhan Mantri MUDRA Yojana (PMMY)?
Narendra Modi
What is the maximum loan amount that can be provided under Pradhan Mantri MUDRA Yojana (PMMY)?
10 lakh
What is the relationship between SIDBI and MUDRA?
SIDBI and MUDRA are separate entities
What is the eligibility criteria for availing a MUDRA loan?
Non-corporate, non-farm small/micro enterprises are eligible
What is the main objective of Pradhan Mantri MUDRA Yojana (PMMY)?
To support the development and refinancing of micro units
What type of institutions can provide MUDRA loans?
Banks, NBFCs, and MFIs
What is the role of SIDBI in relation to MUDRA?
SIDBI is the parent company of MUDRA
How can one apply for a MUDRA loan?
Through the Udyamimitra portal
What is the authorized capital of MUDRA?
Rs. 1000 crore
What is the paid-up capital of MUDRA?
Rs. 750 crore
Which of the following is not a benefit of PMMY?
Tax exemptions for small businesses
What is the role of NBFCs and MFIs in PMMY?
To act as intermediaries for MUDRA loans
What is the target group for PMMY?
Micro and small enterprises
When was the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme launched?
24 February 2019
Learn about the Pradhan Mantri Mudra Yojana (PMMY) loan scheme, announced in the Union Budget for FY 2016. This scheme provides funding to the non-corporate small business sector through various financial institutions. Test your knowledge on PMMY loans and its benefits.
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