🇮🇳 Pradhan Mantri MUDRA Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to ₹20 lakh (for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category) to the non-corporate, non-farm small/micro enterprises.
These loans are classified as MUDRA loans under PMMY.
🏦 Lending Institutions
These loans are given by:
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Commercial Banks
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Regional Rural Banks (RRBs)
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Small Finance Banks
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Microfinance Institutions (MFIs)
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Non-Banking Financial Companies (NBFCs)
The borrower can approach any of the lending institutions mentioned above or can apply online through this portal:
🌐 www.udyamimitra.in
💼 Categories of MUDRA Loans under PMMY (offered by MUDRA Ltd.)
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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 -
Tarun Plus:
Loans above ₹10 lakh and up to ₹20 lakh