RAS question
Which of the following is NOT a loan category under PMMY?
Correct answer: (D) Yuva.
Yuva is not a loan category under the Pradhan Mantri MUDRA Yojana; the PMMY categories are Shishu, Kishore, Tarun and Tarun Plus.
Explanation
PMMY classifies loans by the stage and funding need of the micro-enterprise, so the names are part of the scheme architecture, not informal labels. Shishu covers loans up to Rs 50,000, meant for very small or early-stage business activities. Kishore covers loans above Rs 50,000 and up to Rs 5 lakh, for enterprises that have begun operations and need funds for stabilisation, working capital or modest expansion. Tarun covers loans above Rs 5 lakh and up to Rs 10 lakh for growing enterprises. Tarun Plus extends the ceiling above Rs 10 lakh and up to Rs 20 lakh for eligible borrowers who have successfully repaid a previous Tarun loan. Since Yuva does not appear in this official category set, it is the odd option.
Why the other options are wrong
- (A) Shishu is a valid PMMY category and covers loans up to Rs 50,000 for very small or early-stage business activities.
- (B) Kishore is a valid PMMY category and covers loans above Rs 50,000 and up to Rs 5 lakh.
- (C) Tarun is a valid PMMY category and covers loans above Rs 5 lakh and up to Rs 10 lakh for growing enterprises.
Concept
This tests central-government scheme classification under Current Affairs, especially exact nomenclature and loan slabs. It recurs in RAS-style questions because one invented category can look plausible unless the official scheme structure is remembered.