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  9. Q59

NABARD Grade A (Assistant Manager) 2023 · Question 59 of 196

Which of the following statements is/are correct with respect to PM Mudra Yojana? I. The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015. II. The aim is to facilitate easy collateral-free micro credit of up to Rs. 10 lakh to non-corporate, non-farm small and micro entrepreneurs for income generating activities. III. The loans under PMMY are provided by Member Lending Institutions (MLIs), i.e., Banks, NBFCs, MFIs and other financial intermediaries.

PM MUDRA Yojana

  1. AI and II only
  2. BII only
  3. CII and III only
  4. DI and III only
  5. Eall of the aboveCorrect

Answer: E. all of the above

Explanation

The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015 by Prime Minister Shri Narendra Modi with the aim to facilitate easy collateral-free micro credit of up to Rs. 10 lakh to non-corporate, non-farm small and micro entrepreneurs for income generating activities. Loans are provided by Member Lending Institutions (MLIs): Banks, NBFCs, MFIs and other financial intermediaries.

Source: Memory Based Paper NABARD Grade A 2023 - Phase I Shift II (ixamBee) · memory-based

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