Question – On 8 April 2021, the Prime Minister’s Mudra Yojana (PMMY) did its first six years. As of 19 March 2021, which option is not correct in relation to the achievements of this scheme?
(a) Since the inauguration of this scheme, till March 19, 2021, more than 28.68 crore loans amounting to Rs. 14.96 lakh crore have been sanctioned.
(b) About 35 percent of the loans have been given to new entrepreneurs.
(c) About 68 percent of the loan has been provided to women entrepreneurs.
(d) About 51 percent of the loans have been provided to the Scheduled Castes / Scheduled Tribes / Other Backward Classes.
Answer – (b)
Related facts
- On 8 April 2021, the Prime Minister’s Mudra Yojana (PMMY) did its first six years.
- Achievements (As of 19 March 2021)
- Since the inauguration of this scheme, till March 19, 2021, more than 28. 68 crore loans amounting to Rs.14.96 lakh crore have been sanctioned.
- About 68 percent of the loan has been provided to women entrepreneurs.
- About 51 percent of the loans have been provided to the Scheduled Castes/ ScheduledTribes / OtherBackward Classes.
- About 24 percent of the loans have been given to new entrepreneurs.
- About the scheme
- Under this scheme, loan of Rs.10 lakhs used to provide by Member Landing Institution (MLI) ie Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) etc.
- These loans are provided for income generating activities and agriculture related activities in the manufacturing, trade and service sectors.