Pradhan Mantri Mudra Yojana (PMMY)

Pradhan Mantri Mudra Yojana (PMMY)

Launch and Aim: Pradhan Mantri Mudra Yojana (PMMY) was launched by the government in 2015 to provide loans up to Rs. 10 lakh to the non-corporate, non-farm small/micro-enterprises. Funding Provision: Three Products: MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’, and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. Loans under this scheme are collateral-free loans. […]

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