Mudra Yojana Details: Get up to Rs 10 Lakh Govt Loan And Start Your Business
By Lokmat English Desk | Published: May 5, 2023 04:08 PM2023-05-05T16:08:11+5:302023-05-05T16:08:11+5:30
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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.
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.
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
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.
PMMY loans are extended by Member Lending Institutions viz. Scheduled Commercial Banks, Non Banking Finance Companies and Micro Financial Institutions, registered with Mudra Ltd.
Under the Pradhan Mantri Mudra Yojana (PMMY), Scheme by banks and Micro Finance Institutions (MFIs) Loans are extended in three categories
Shishu (loans upto Rs. 50,000)
Kishore (loans from Rs. 50002 to Rs. 5 lakh);
Tarun (loans from Rs.5 lakh to Rs. 10 lakh)
