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Answer : 3. "₹ 20 lakh"
How much has the loan limit been increased under the Mudra scheme?
5Q:
How much has the loan limit been increased under the Mudra scheme?
- 1₹ 12 lakhfalse
- 2₹ 15 lakhfalse
- 3₹ 20 lakhtrue
- 4₹ 22 lakhfalse
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Answer : 3. "₹ 20 lakh"
Explanation :
Finance Minister Nirmala Sitharaman has increased the loan limit under the Mudra scheme to ₹ 20 lakh during the Union Budget 2024, earlier this limit was ₹ 10 lakh. This facility is for those who have previously availed and successfully repaid the loans taken under the Tarun category. It is worth noting that Finance Minister Nirmala Sitharaman has presented the budget in Parliament on 23 July.