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Security Free Loans for Entrepreneurs via PMMY


PM MUDRA (Micro Units Development and Refinance Agency) Yojana is an initiative launched by PM Narendra Modi on 8th April, 2015 to help the independent small entrepreneurs to grow. Pointing out that how independent small entrepreneurs help Indian domestic economy in a big way, Narendra Modi hopes that within the next year, all the main banks would acquire the new MUDRA model.

MUDRA’s partnership with institutions to help beneficiaries

MUDRA has partnered with 27 Public Sector Banks, 17 Private Sector Banks, 27 Regional Rural banks and 25 Micro Finance Institutions (MFI) to assist applicants/beneficiaries with availing loans.

Financial benefits:

MUDRA has set up three categories of involvements for a product/service namely- ‘Shishu’; ‘Kishor’ and ‘Tarun’ to indicate the expansion of the service or the business.

  • Shishu– covers loans upto Rs 50,000/-
  • Kishor- covers loans between 50,000/-to 5 lakh
  • Tarun-covers loans between 5 lakh to 10 lakh

The beneficiaries:

Small independent entrepreneurs or non-farm income generating enterprises in manufacturing, trading and services can avail for MUDRA loans.

How to Avail MUDRA loan:

Eligibility Criteria:

No hard and fast rule has been set to avail MUDRA loan.

To know more about procedure and eligibility criteria, VISIT HERE

Find the details of Nodal Officers here Nodal-Officers-MUDRA

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PC: newsd.in

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    mudra loans need

  2. Its a great opportunity for young india

  3. i wnt loan.

  4. Need Mudra loan

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