How many categories are there in MUDRA Yojana to provide loan for self-employment to entrepreneurs ?

Two
Three
Four
Five

The correct answer is (b), three.

MUDRA Yojana is a government of India scheme launched in 2015 to provide loans to small businesses. The scheme has three categories:

  • Shishu: Loans up to ₹50,000 are provided to micro-entrepreneurs who are just starting out.
  • Kishor: Loans up to ₹5 lakh are provided to small entrepreneurs who have been in business for a few years.
  • Tarun: Loans up to ₹10 lakh are provided to medium-sized entrepreneurs who have been in business for several years.

The loans are provided by banks and non-banking financial companies (NBFCs). The interest rates are low and the repayment terms are flexible. The scheme is designed to help small businesses grow and create jobs.

Here is a brief description of each option:

  • (a) Two: This option is incorrect because there are three categories in MUDRA Yojana.
  • (b) Three: This option is correct because there are three categories in MUDRA Yojana.
  • (c) Four: This option is incorrect because there are three categories in MUDRA Yojana.
  • (d) Five: This option is incorrect because there are three categories in MUDRA Yojana.