In India, which of the following scheme was launched with the purpose of funding the non-corporate small business sector?

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answered Feb 21, 2022 by Ankitakaruan (106k points)
selected Feb 21, 2022 by Sindhusai

Best answer

Correct Answer - Option 4 : Pradhan Mantri Mudra Yojana

The correct answer is Pradhan Mantri Mudra Yojana.

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by Prime Minister Narendra Modi on 8th April 2015.
This scheme was initiated for the non-corporate, non-farm small/micro-enterprises.
Under this scheme loans of up to Rs. 10 lakh were provided.
Under the PMMY three MUDRAs were created:
- Sishu: Loans of up to Rs. 50,000 were offered.
- Kishore: Loans of up to Rs. 5,00,000 were offered.
- Tarun: Loans of upto Rs. 10,00,000 were offered.

Pradhan Mantri Jeevan Jyothi Yojana	Launched on 9th May 2015 by PM Narendra Modi. This is Life Insurance Scheme. Available to people of the age group of 18-50 years. The Annual Premium is Rs. 330 and could vary according to taxes, age, and Location. The money would be paid to the nominee regardless of the cause of death.
Pradhan Mantri Suraksha Bima Yojana	Launched on 9^th May 2015 by PM Narendra Modi. Available to people of age group 18-70 years. Risk coverage under this scheme is Rs. 2 lakh for accidental death and full disability. The annual Premium of the scheme is Rs. 12.
Pradhan Mantri Jan Dhan Yojana	Launched on 28^th August 2014. Was launched with a mission to give financial access to every household. The scheme was launched to channel all government benefits directly to the beneficiaries account through the Direct Benefits Transfer (DBT) scheme of the Union Government.