Which of the following schemes was launched by the Government of India to provide collateral-free institutional loans up to 10 Lakh Rupees to micro and small enterprise units?

💡 Solution & Explanation

The Pradhan Mantri Mudra Yojana was launched to extend collateral-free institutional loans up to 10 Lakh Rupees to non-corporate, non-farm small and micro enterprises through financial intermediaries under three distinct categories named Shishu, Kishore, and Tarun. This initiative fosters grassroots entrepreneurship and employment generation.