Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 143)
143.
What milestone did Pradhan Mantri Mudra Yojana (PMMY) loans surpass in FY24?
₹4 Lakh Crore
₹5 Lakh Crore
₹6 Lakh Crore
₹7 Lakh Crore
Answer: Option
Explanation:
In FY24, Pradhan Mantri Mudra Yojana (PMMY) loans surpassed the ₹5 lakh crore mark, reaching ₹5.20 lakh crore in disbursements. This milestone reflects the program's success in providing collateral-free institutional credit to small businesses, with significant growth and lower delinquency rates, driven by effective credit management mechanisms and empowering women entrepreneurs.
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