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Mudra Yojana Details: Get up to Rs 10 Lakh Govt Loan And Start Your Business

By Lokmat English Desk | Updated: May 5, 2023 16:08 IST

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The Pradhan Mantri MUDRA Yojana (PMMY) scheme was launched by the Modi government in April 2015 to provide loans up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises.
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Prime Minister Narendra Modi on Thursday said loans worth Rs 20 lakh crore have been disbursed so far under the Centre's MUDRA scheme to provide self-employment opportunities to the youth.
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The Pradhan Mantri MUDRA Yojana (PMMY) scheme was launched by the Modi government in April 2015 to provide loans up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises
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If you are looking to start your own business, this the Modi government’s Mudra loan scheme could be your ‘go to’ option. Mudra loan is extended for a variety of purposes which result in income generation and employment creation like loan for vendors, traders, shopkeepers and other service sector activities.
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PMMY loans are extended by Member Lending Institutions viz. Scheduled Commercial Banks, Non Banking Finance Companies and Micro Financial Institutions, registered with Mudra Ltd.
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Under the Pradhan Mantri Mudra Yojana (PMMY), Scheme by banks and Micro Finance Institutions (MFIs) Loans are extended in three categories
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Shishu (loans upto Rs. 50,000)
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Kishore (loans from Rs. 50002 to Rs. 5 lakh);
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Tarun (loans from Rs.5 lakh to Rs. 10 lakh)
Tags: Pradhan Mantri Mudra Yojana
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