Pradhan Mantri Mudra Yojana (PMMY)

MUDRA – Micro Units Development and refinancing Agency

Purpose- To Provide funding to Non Corporate Small Business sector (NCBS) through last mile financial institutions like banks,NBFCs and MFIs.

How it Functions?

-Funding Based on stage and growth of the enterprise/Business

  1. Shishu- Upto 50,000 Rs
  2. Kishore- From 50,000 – to 5 lakshs
  3. Tarun- From 5 lakshs to 10 lakhs

-The primary requirement for availing a MUDRA loan is to be a income generating activity under manufacturing, processing, trading and service sector and the loan amount is below 10 lakh.

 

http://www.mudra.org.in/FAQ

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