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CS Professional · Banking and Insurance - Laws and Practice · Various Government Schemes

Meera Devi, a first-time woman entrepreneur in Pune, wants to start a small tailoring unit. She needs a loan of Rs 30,000 to buy sewing machines and raw materials, with no collateral. Under the MUDRA (Pradhan Mantri Mudra Yojana) loan categories, which category fits her requirement?

Meera's Rs 30,000 requirement falls under the Shishu category of MUDRA loans, which covers loans up to Rs 50,000. Kishore starts above Rs 50,000 and Tarun above Rs 5 lakh, so those categories are too high for her small loan.

  1. AShishu, covering loans up to Rs 50,000Correct
  2. BKishore, covering loans above Rs 50,000 and up to Rs 5 lakh
  3. CTarun, covering loans above Rs 5 lakh and up to Rs 10 lakh
  4. DTarun Plus, covering loans above Rs 10 lakh and up to Rs 20 lakh

Explanation

PMMY classifies loans by size: Shishu up to Rs 50,000, Kishore above Rs 50,000 up to Rs 5 lakh, and Tarun above Rs 5 lakh up to Rs 10 lakh. A Rs 30,000 requirement falls within Shishu. Kishore is wrong because it begins only above Rs 50,000.

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