gs1easy
Pradhan Mantri MUDRA Yojana is aimed at
- A.bringing the small entrepreneurs into formal financial system
- B.providing loans to poor farmers for cultivating particular crops
- C.providing pensions to old and destitute persons
- D.funding the voluntary organizations involved in the promotion of skill development and employment generation
▶ Answer & Explanation
Correct answer: A. bringing the small entrepreneurs into formal financial system
The Pradhan Mantri MUDRA Yojana (PMMY) was launched to provide funding to non-corporate, non-farm small/micro enterprises. This initiative aims to extend financial support, particularly to entrepreneurs from disadvantaged sections, by facilitating access to formal credit mechanisms. The scheme focuses on empowering these small businesses and fostering economic growth.
Source: UPSC gs1 2016