UPSC CAPF AC 2024 Paper

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Question : 45 of 125

Marks: +1, -0

Which of the following statements is NOT correct for Pradhan Mantri Mudra Yojana (PMMY)?

It was launched in 2015
It grants loans of up to Rs. 15 lakhs for income generating manufacturing, trading and services sectors
Under this scheme only the term loan requirements can be met and not the working capital requirements
There is no insistence on collateral for the sanction of loan

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