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Which of the following statement(s) regarding MUDRA Yojana is/are not correct?

MUDRA has created three products i.e. 'Shishu', 'Kishore', and ‘Tarun’:

1. Shishu: covering loans up to ₹50,000.

2. Tarun: Covering loans above ₹ 50,000 and up to₹ 5 lakh.

3. Kishore: Covering loans above ₹ 5 lakh and up to₹ 10 lakh.

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