Question : Statement 1: Entrepreneurship development leads to regional development and reduces regional disparities by attracting investments in underdeveloped areas.
Statement 2: The Pradhan Mantri Mudra Yojana does not provides credit support to small entrepreneurs for setting up or expanding their businesses.
Option 1: Both statements are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 2 is true, but statement 1 is false.
Option 4: Both statements are false.
Correct Answer:
Statement 1 is true, but statement 2 is false.
Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.
Statement 1 is true. Entrepreneurship development can indeed lead to regional development and reduce regional disparities by attracting investments in underdeveloped areas.
Statement 2 is false. The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme in India that provides credit support to small entrepreneurs for setting up or expanding their businesses. It aims to encourage entrepreneurship by offering financial assistance to individuals, particularly those in the micro-enterprise sector.