Sishu, kishore and Tarun are the schemes of :
1) Industrial Development Bank of India
2) Micro Units Development and Reference Agency Ltd
3) Small Industries Development Bank of India
4) Regional Rural Banks
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Sishu, kishore and Tarun are the schemes of :
1) Industrial Development Bank of India
2) Micro Units Development and Reference Agency Ltd
3) Small Industries Development Bank of India
4) Regional Rural Banks
The correct answer is Micro Units Development and Reference Agency Ltd .
Under PMMY collateral free loans of upto Rs. 10 Lakh are extended by Member Lending Institutions (MLIs) viz Scheduled Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Non Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) etc.
The loans are given for income generating activities in manufacturing, trading and services sectors and for activities allied to agriculture.
Mudra loans are offered in three categories namely, ‘Shishu’, ‘Kishore’and ‘Tarun’ which signifies the stage of growth or development and funding needs of the borrowers:-
Shishu : covering loans upto Rs. 50,000/-
Kishore : covering loans above Rs. 50,000/- and upto Rs. 5 lakh
Tarun : covering loans above Rs. 5 lakh and upto Rs. 10 lakh
With an objective to promote entrepreneurship among the new generation aspiring youth, it is ensured that more focus is given to Shishu Category loans and then Kishore and Tarun categories.