Question

'Pradhan Mantri MUDRA Yojana' (PMMY) launched by Ministry of Finance in which of the following year?

• A. 2012
• B. 2015
• C. 2017
• D. 2018

Hint:

PMMY mainly focuses on providing easy loans to small and micro businesses without complicated procedures.

Answer 1

The Correct Option is B

Concept:
Pradhan Mantri MUDRA Yojana (PMMY) is a government scheme launched to provide financial support to small businesses and non-corporate entrepreneurs. The word MUDRA stands for: \[ \text{Micro Units Development and Refinance Agency} \] The scheme helps small business owners obtain loans without heavy collateral requirements.

Step 1: Understand the objective of PMMY. The main aims of PMMY are:
• To support small entrepreneurs
• To encourage self-employment
• To provide loans to micro and small enterprises
• To promote economic growth and job creation The scheme mainly benefits:
• Small shopkeepers
• Vendors
• Repair shops
• Artisans
• Small manufacturing units

Step 2: Identify the launch year. The Government of India launched: \[ \text{Pradhan Mantri MUDRA Yojana} \] in the year: \[ 2015 \] under the Ministry of Finance.

Step 3: Know the categories of MUDRA loans. Loans under PMMY are divided into three categories:
• Shishu -- up to ₹50,000
• Kishor -- ₹50,000 to ₹5 lakh
• Tarun -- ₹5 lakh to ₹10 lakh These categories support businesses at different growth stages.

Step 4: Eliminate incorrect options.
• 2012 -- Incorrect
• 2015 -- Correct
• 2017 -- Incorrect
• 2018 -- Incorrect

Step 5: Conclusion. Hence, the correct answer is: \[ \boxed{2015} \]