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Question : What is the maximum amount of loan permissible under Pradhan Mantri MUDRA Yojana as of October 2022?

Option 1: INR 12 lakhs

Option 2: INR 5 lakhs

Option 3: INR 3 lakhs

Option 4: INR 10 lakhs


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: INR 10 lakhs


Solution : The correct answer is INR 10 lakhs .

MUDRA stands for Micro Units Development & Refinance Agencies Ltd. Pradhan Mantri Mudra Yojana is a Government of India scheme which enables small borrowers to borrow from banks, Microfinance institutions and Non-Banking Finance corporations for loans up to a maximum limit of  INR10 lakhs for non-farm income generating activities. Generally, these loans are given without collateral.

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