Pradhan Mantri MUDRA Yojana
Question
Pradhan Mantri MUDRA Yojana is aimed at
Options
bringing the small entrepreneurs into formal financial system
providing loans to poor farmers for cultivating particular crops
providing pensions to old and destitute persons
funding the voluntary organizations involved in the promotion of skill development and employment generation
Explanation
Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana was launched in April 2015 with the objective of promoting entrepreneurship and providing financial support to small and micro-enterprises. The scheme aims to bring unorganized sector entrepreneurs and small business owners into the formal financial system by providing credit through banks and financial institutions. Option b is related to agricultural lending, not MUDRA. Option c refers to pension schemes, not MUDRA. Option d relates to skill development organizations, which is not the primary aim of MUDRA. > MUDRA Yojana focuses on formal financial inclusion of small entrepreneurs and micro-units. Answer: (a).
Question details
Year
2016
Paper
GS Paper 1
Question
Q73
Subject
Economy
Sub-topic
Government financial inclusion schemes
Type
Factual single
Difficulty
Easy
Nature
Static
Source hint
Government schemes 2015
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