Pradhan Mantri MUDRA Yojana

  Pradhan Mantri MUDRA Yojana

•   This programme was launched to give access to cheap credit to poor and small business persons with the objective to provide self-employment.
•   It is a scheme to extend collateral free loans by Banks, NBFCs and MFIs to Small/Micro business enterprises and individuals in the non-agricultural sector to enable their business activities and to generate self employment.
•   For implementing the Scheme institution name :- Micro Units Development & Refinance Agency Ltd (MUDRA).
• This scheme credit needs  below Rs.10 lakhs.
•   Loans given under three categories 

              1. Shishu :- < Rs.50,000;
              2. Kishor :-  Rs. 50,000 to Rs.5 lakhs;
              3. Tarun :-  Rs.5 lakhs  to Rs.10 lakhs.