Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q142: Which of the following activities is NOT eligible for financing under the Pradhan Mantri Mudra Yojana (PMMY)?

A
Purchase of a transport vehicle (auto-rickshaw) for commercial use.
B
Personal loan for higher education or marriage expenses.
C
Activities allied to agriculture such as dairy, poultry, and beekeeping.
D
Running a small food stall or community repair shop.
✅ Correct Answer: B
🎯 Quick Answer:
Personal loans are not eligible.
Concept Definition: Purpose of MUDRA.
Structural Breakdown: 1. Income Generation Only: PMMY is strictly for income-generating activities in the non-corporate, non-farm sector.
2. Inclusions: Manufacturing, Trading, Services, and Activities Allied to Agriculture.
3. Exclusions: Personal loans (consumption), educational loans, and housing loans are excluded because they do not directly create business assets or employment in the MUDRA context.