Module: General Practice
Q12: Regarding the "Tarun Plus" loan category under the Pradhan Mantri Mudra Yojana (PMMY) as referenced in Budget 2026, identify the INCORRECT statement.
The maximum loan limit under "Tarun Plus" is ₹20 Lakh.
It is available to any entrepreneur, including first-time borrowers (startups).
It specifically targets entrepreneurs who have successfully repaid previous loans under the "Tarun" category.
The guarantee cover for these loans is provided by the CGFMU (Credit Guarantee Fund for Micro Units).
It is available to any entrepreneur, including first-time borrowers (startups).
It specifically targets entrepreneurs who have successfully repaid previous loans under the "Tarun" category.
The guarantee cover for these loans is provided by the CGFMU (Credit Guarantee Fund for Micro Units).
✅ Correct Answer: B
Statement 2 is INCORRECT.
While the limit is indeed ₹20 Lakh (Statement 1 is Correct), raised from the previous ₹10 Lakh cap, it is NOT for first-time borrowers.
It is strictly for existing entrepreneurs who have a track record of successfully repaying a loan under the "Tarun" (₹5 Lakh to ₹10 Lakh) category (Statement 3 is Correct). This ensures that the higher risk of ₹20 Lakh is only taken on proven borrowers.
The guarantee is provided by CGFMU (Statement 4 is Correct).
While the limit is indeed ₹20 Lakh (Statement 1 is Correct), raised from the previous ₹10 Lakh cap, it is NOT for first-time borrowers.
It is strictly for existing entrepreneurs who have a track record of successfully repaying a loan under the "Tarun" (₹5 Lakh to ₹10 Lakh) category (Statement 3 is Correct). This ensures that the higher risk of ₹20 Lakh is only taken on proven borrowers.
The guarantee is provided by CGFMU (Statement 4 is Correct).