Q. What is the maximum limit of loan at present, provided under the Prime Minister Mudra Yojana?
(A) Rupees 10 Lakh
(B) Rupees 15 Lakh
(C) Rupees 20 Lakh
(D) Rupees 25 Lakh
Answer: C
Under PMMY collateral free loans up to Rs. 20 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.