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Pradhan Mantri MUDRA Yojana - Loan Scheme to Start New Business

Pradhan Mantri MUDRA Yojana
Launch Date8 April 2015
BeneficiariesYouths willing to start new business

Pradhan Mantri MUDRA Yojana (PMMY) aims to provide Rs. 10 lakh to non-corporate, non-farm small / micro enterprises. People can get these loans from various commercial banks, RRBs, small finance banks, cooperative banks, MFIs and NBFCs for starting their own business. MUDRA Loans has created 3 products namely Shishu, Kishore and Tarun to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur. Shishu category covers loans upto Rs. 50,000, Kishore category covers loans between Rs. 50,000 and Rs. 5 lakh while Tarun category covers loans ranging from Rs. 5 lakh to Rs. 10 lakh.

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One Opinion on “Pradhan Mantri MUDRA Yojana

  1. karanchhabra says:

    Pradhan Mantri Mudra Yojana is a self employment loan scheme to enable people to start own business, shishu, tarun and kishore loans for rising entrepreneurs

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