Q. Which of the following sector/s can avail loan/credit under Pradhan Mantri Mudra Yojana (PMMY)?
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: D

Explanation: To provide loans on easier terms for income generating activities, the Pradhan Mantri Mudra Yojana (PMMY) was launched in April 2015 to grant loans of up to `10 lakh for income-generating manufacturing, trading, and service sectors, including activities allied to agriculture such as poultry, dairy, beekeeping, etc.

Under PMMY, both term loan and working capital requirements can be met. Loans are extended through Member Lending Institutions (MLIs) viz; Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).

Source: Economic Survey 2023