{"id":96812,"date":"2020-06-26T08:51:24","date_gmt":"2020-06-26T08:51:24","guid":{"rendered":"https:\/\/www.edristi.in\/?p=96812"},"modified":"2020-06-26T08:51:25","modified_gmt":"2020-06-26T08:51:25","slug":"pradhan-mantri-mudra-yojana","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/pradhan-mantri-mudra-yojana\/","title":{"rendered":"Pradhan Mantri MUDRA Yojana"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question:Consider the following statements regarding Pradhan Mantri MUDRA Yojana:<\/strong><br>(1) It\u2019s objective is to refinance collateral-free loans given by the lenders to small borrowers.<br>(2) It has a feature of a Mudra Card which permits access to Working Capital through ATMs and Card Machines.<br><strong>Which is\/are correct?<\/strong><br>(a) 1 only<br>(b) 2 only<br>(c) Both 1 and 2<br>(d) None of these<br><strong>Answer:(c)Context:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Union Cabinet approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Background<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Under PMMY, loans for income generating activities up to Rs. 50,000 are termed as Shishu loans.<\/li><li>PMMY loans are extended by Member Lending Institutions viz. Scheduled Commercial Banks, Non-Banking Finance Companies and Micro Financial Institutions, registered with Mudra Ltd.&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The scheme will be extended to loans\u00a0<\/strong>which meet the following criteria \u2013 outstanding as on 31stMarch, 2020; and\u00a0not in Non-Performing Asset (NPA) category, as per Reserve Bank of India (RBI) guidelines, on 31st\u00a0March 2020 and\u00a0during the period of operation of the Scheme.<\/li><li><strong>The interest subvention would be payable\u00a0<\/strong>for the months in which the accounts are not in NPA category including for the months that the account becomes a performing asset again, after turning NPA.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Implementation:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Scheme will be implemented through\u00a0<strong>the Small Industries Development Bank of India (SIDBI)<\/strong>\u00a0and will be in operation for 12 months.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Significance<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Scheme has been formulated as a specific response to an unprecedented situation and aims to alleviate financial stress for borrowers at the \u2018bottom of the pyramid\u2019 by reducing their cost of credit.<\/li><li>It will incentivize people who will make regular repayments of loans.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&nbsp;PMMY scheme:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Launched in\u00a0April, 2015.\u00a0The scheme\u2019s objective is\u00a0to refinance collateral-free loans given by the lenders to small borrowers. Mudra\u2019s\u00a0unique features\u00a0include\u00a0a Mudra Card\u00a0which permits access to Working Capital through ATMs and Card Machines.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/government-approves-2-interest-subsidy-to-shishu-borrowers-under-mudra-yojna\/articleshow\/76554206.cms#:~:text=NEW%20DELHI%3A%20The%20Union%20Cabinet,50%2C000%20are%20given%20to%20beneficiaries.\">https:\/\/timesofindia.indiatimes.com\/business\/india-business\/government-approves-2-interest-subsidy-to-shishu-borrowers-under-mudra-yojna\/articleshow\/76554206.cms#:~:text=NEW%20DELHI%3A%20The%20Union%20Cabinet,50%2C000%20are%20given%20to%20beneficiaries.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1633891\">https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1633891<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question:Consider the following statements regarding Pradhan Mantri MUDRA Yojana:(1) It\u2019s objective is to refinance collateral-free loans given by the lenders to small borrowers.(2) It has a feature of a Mudra Card which permits access to Working Capital through ATMs and Card Machines.Which is\/are correct?(a) 1 only(b) 2 only(c) Both 1 and 2(d) None of theseAnswer:(c)Context: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":96813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1143],"tags":[7420],"class_list":["post-96812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pp","tag-planning-project___en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/96812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=96812"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/96812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/96813"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=96812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=96812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=96812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}