Economy
2016
Government Schemes
Banking in India
Pradhan Mantri MUDRA Yojana is aimed at
B.providing loans to poor farmers for cultivating particular crops
D.funding the voluntary organizations involved in the promotion of skill development and employment generation
A.bringing the small entrepreneurs into formal financial system
C.providing pensions to old and destitute persons
Correct Answer: Option A
Pradhan Mantri MUDRA Yojana (PMMY) aims at bringing small entrepreneurs into the formal financial system by providing access to credit.
This scheme does not focus on providing loans to farmers for specific crops, pensions to the elderly, or funding skill development organizations directly.
Therefore, option A is the correct answer.
Sources:
More Economy Questions
Which one of the following is the main objective of the ‘Make in India’ initiative?Economy · 2015With reference to the Indian economy, "Collateral Borrowing and Lending Obligations" are the instrum...Economy · 2024In the context of any country, which one of the following would be considered as part of its social ...Economy · 2019Which one of the following is likely to be the most inflationary in its effects?Economy · 2021With reference to the Indian economy, consider the following statements:Economy · 2022