Correct Answer : Option (C) - 7 Years
Union Finance Minister "Nirmala Sitharaman" on Friday(8th Apr 2022) said that more than 34.42 crore loan accounts amounting to Rs 18.60 lakh crore have been opened under Pradhan Mantri Mudra Yojana in the past seven(7) years.
"It is noteworthy that more than 34.42 crore loan accounts amounting to Rs 18.60 lakh crore have been opened under the scheme for the creation of income-generating activities," the Finance Minister said at a function organised to celebrate the 7th anniversary of the Scheme.
The scheme was launched on April 8, 2015, by Prime Minister Narendra Modi for providing loans up to Rs 10 lakh to the non-corporate, non-farm small/micro-enterprises.
"The scheme has helped in creating an enabling environment, particularly for small businesses and has helped generate large-scale employment opportunities at the grassroots level," the Finance Minister said.
More than 68 per cent of the loan accounts have been sanctioned to women and 22 per cent of the loans have been given to new entrepreneurs who had not availed any loan since the inception of the scheme, according to a statement released by the Finance Ministry.
"With 51 per cent of total loans sanctioned so far going to the SC/ST/OBC category, the Pradhan Mantri Mudra Yojana stands for social justice in action and embodies the true spirit of 'Sabka Saath, Sabka Vikas', Sitharaman said..Source : Firstpost