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What is the maximum amount of loan permi...

What is the maximum amount of loan permissible under Pradhan Mantri MUDRA Yojana?

A

Rs 12 lakh

B

Rs 5 lakh

C

Rs 3 lakh

D

Rs 10 lakh

Text Solution

Verified by Experts

The correct Answer is:
D

The maximum amount of loan permissible under Pradhan Mantri MUDRA Yojana is Rs.. 10 lakhs.. A start-up can only apply for a loan of up to Rs. 50,000 (Shishu loan).It was launched by Prime Minister Narendra Modi on 8 April 2015.
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