Under the Pradhan Mantri MUDRA Yojana, what is the ceiling on collateral-free credit for micro and small enterprises?
- A.10 lakh rupees
- B.20 lakh rupees
- C.50 lakh rupees
- D.1 crore rupees
Correct answer
Explanation
The correct answer is 20 lakh rupees. The scheme, which began in 2015, seeks to widen access to collateral-free credit up to that amount for micro and small enterprises in non-corporate and non-farm income generating activities. The other ceilings are wrong and are the kind of figures a paper setter uses as distractors, since the limit under the scheme has been revised over the years and candidates often carry the older number in their heads. The scale of the scheme is worth remembering along with the ceiling: more than 57.79 crore loans had been sanctioned since it began, counted up to April 2026, and women entrepreneurs accounted for two-thirds of all the loans sanctioned. Separately, women-led micro and small enterprises get an enhanced guarantee cover of 90 per cent along with a concession of 10 per cent on the guarantee fee under the credit guarantee scheme for such units.
Read the full article: Women's Labour Force Participation Rate Rises to 40 Per Cent
Practice Questions
According to the Periodic Labour Force Survey figures cited in October 2026, what was the female Labour Force Participation Rate in 2025?
- A.22 per cent
- B.23.3 per cent
- C.38.8 per cent
- D.40 per cent
Show answer
For women aged 15 years and above the Labour Force Participation Rate reached that level in 2025.
Read the full explanation →What is the enhanced guarantee coverage available to women-led micro and small enterprises under the Credit Guarantee Scheme?
- A.75 per cent
- B.80 per cent
- C.85 per cent
- D.90 per cent
Show answer
The scheme was framed to strengthen credit delivery to micro and small enterprises and to reach entrepreneurs who are unserved or underserved, and within it women-led units receive guarantee cover at that higher level together with a concession of 10 per cent on the guarantee fee.
Read the full explanation →How many existing labour laws were consolidated into the four Labour Codes in November 2025?
- A.19
- B.24
- C.29
- D.44
Show answer
The government brought 29 existing labour laws together into four codes, namely the Code on Wages, the Industrial Relations Code, the Code on Social Security and the Occupational Safety, Health and Working Conditions Code.
Read the full explanation →Which societies are covered in the initial phase of MSCARO, 2026?
- A.Those crossing Rs 100 crore
- B.Those crossing Rs 250 crore
- C.Those crossing Rs 1,000 crore
- D.All registered societies from the first day
Show answer
Implementation has deliberately been made phased, and the first phase covers larger societies that cross this threshold in the relevant financial parameters, so that smaller institutions have extra time to strengthen their internal systems and processes before the enhanced reporting reaches them.
Read the full explanation →Under which provision has the Central Government been empowered to prescribe auditing and accounting standards for Multi-State Cooperative Societies?
- A.Section 73(6) of the Multi-State Co-operative Societies (Amendment) Act, 2023
- B.Section 35 of the Banking Regulation Act, 1949
- C.Section 143 of the Companies Act, 2013
- D.Article 243ZH of the Constitution
Show answer
That amendment gave the Central Government the power to prescribe auditing and accounting standards for these societies, and the new audit reporting order has been formulated in pursuance of the provision.
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