Pradhan Mantri Mudra Yojana
Also written PMMY · Pradhan Mantri Mudra Yojana (PMMY)
A scheme offering business loans to proprietors and entrepreneurs of small and medium enterprises in the non-corporate small business segment, through three schemes — SHISHU, KISHOR and TARUN — depending upon the amount…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Atal Pension YojanaA government-guaranteed defined-pension scheme for unorganised-sector workers, paying a fixed Rs 1,000 to Rs 5,000 a month from age 60 for contributions started between ages 18 and 40.
- Public Provident FundA 15-year government-guaranteed savings account for individuals, at a rate reset quarterly, where the contribution, the interest and the maturity value are all outside tax under the old regime.
- Section 80CThe income-tax deduction for money put into life insurance, provident fund, ELSS, five-year bank deposits, NPS Tier 1, NSC and home-loan principal, capped in aggregate at Rs 1,50,000 a year.
Where this is taught
Free preparation for NISM Series SEBI-ICE← All terms