Detailed Explanation:

Pradhan Mantri MUDRA Yojana (PMMY) was launched in 2015 to provide collateral-free loans to micro and small enterprises in the non-farm sector, bringing them into the formal financial system.

The scheme offers loans under three categories: Shishu (up to ₹50,000), Kishore (₹50,000 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh), targeting unbanked entrepreneurs, street vendors, small traders, and self-employed individuals.

✅ Option 1 – Correct: MUDRA's primary aim is financial inclusion by bringing small entrepreneurs into formal banking channels.
❌ Option 2 – Incorrect: It focuses on non-farm sector enterprises, not crop cultivation loans for farmers.
❌ Option 3 – Incorrect: Pension schemes like PMVVY or NPS handle old-age pensions, not MUDRA.
❌ Option 4 – Incorrect: MUDRA provides direct loans to entrepreneurs, not funding to voluntary organizations.