Q: Which of the following statements is NOT correct for Pradhan Mantri Mudra Yojana (PMMY)?
(a)It was launched in 2015
(b)It grants loans of up to ₹15 lakhs for income generating manufacturing, trading and services sectors
(c)Under this scheme only the term loan requirements can be met and not the working capital requirements
(d)There is no insistence on collateral for the sanction of loan
Correct Answer: (b)
The correct answer is (c): Under this scheme only the term loan requirements can be met and not the working capital requirements. Subject: Science & Technology | Sub-topic: Computer & Information Technology