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Home› UPSC CSE› Prelims GS Paper I› 2016 questions› Question 20

UPSC CSE Prelims

Subject: Current Affairs Chapter: Human Development

2016 PYQ

Question 20

Pradhan Mantri MUDRA Yojana is aimed at

Choose one answer Abringing the small entrepreneurs into formal financial system Bproviding loans to poor farmers for cultivating particular crops Cproviding pensions to old and destitute persons Dfunding the voluntary organizations involved in the promotion of skill development and employment generation

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View correct answer and explanation

Correct answer: A

Correct Option: A Explanation: PM MUDRA Yojana facilitates institutional loans to micro and small non-corporate enterprises, especially businesses underserved by formal credit. Option-wise Analysis: A: Correct - Correct-it expands formal finance for micro-entrepreneurs through Shishu/Kishor/Tarun categories. B: Incorrect - It is not a crop-specific agricultural loan programme. C: Incorrect - It is not an old-age pension scheme. D: Incorrect - It lends via financial intermediaries to enterprises, not principally grants to employment NGOs.

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