MUDRA LOAN

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MUDRA LOANS

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India designed to provide micro credit and loans of up to ₹10 lakh. The scheme targets income-generating micro enterprises in the non-farm sector, including manufacturing, trading, and service sectors, as well as activities allied to agriculture such as poultry, dairy, and beekeeping. PMMY offers financial assistance through Member Lending Institutions to non-corporate, non-farm entities engaged in small-scale income-generating activities. These entities include proprietorships, partnerships, small manufacturing units, service units, shopkeepers, vendors, truck operators, food-service units, repair shops, artisans, and food processors, among others.

Benefits of PMMY (Pradhan Mantri Mudra Yojna)

Highlighting the stage of growth / development and funding needs of the beneficiary micro unit/ entrepreneur, the scheme has been categorized as Shishu, Kishore, Tarun.

Shishu :Loans up to ₹50,000.

Kishore : Loans above ₹50,000 and up to ₹5 lakh.

Tarun : Loans above ₹5 lakh and up to ₹10 lakh.

Eligibility for Mudra Loan

1. Individuals

3. Partnership Firms

5. Public Companies

2. Proprietary Concerns

4. Private Limited Companies

6. Any other legal forms

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