Pradhan mantri mudra yojana

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• Domestic General (1Yr 11 days to 1Yr 24 days) • 6.80 % Less than 2Cr • 7.25 % 2Cr to Less than 5Cr • Domestic General (2Yr < 30Mts) • 7.05 % Less than 2Cr • 7.00 % 2Cr to Less than 5Cr • Domestic Sr. Citizen (1Yr 11 days to 1Yr 24 days) • 7.55% Less than 2Cr • 8.00 % 2Cr to Less than 5Cr • Domestic Sr. Citizen (2Yr < 30Mts) • 7.80% Less than 2Cr • 7.75 % 2Cr to Less than 5Cr The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India launched in April 2015 for facilitating funding to the non-corporate i.e. small and micro enterprises in non-farm sector. The loan is extended for a variety of purposes which provides income generation and employment creation in manufacturing, trading and service enterprises including allied agricultural activities. Categorization of Mudra Loans Based on amount of the loan, following are the three categories: Shishu: Loans sanctioned under the scheme up to Rs.50,000 Kishore: Loans sanctioned under the scheme from Rs.50,001 to Rs.5,00,000 Tarun: Loans sanctioned under the scheme from Rs.5,00,001 to Rs.10,00,000 The maximum loan amount that can be availed of under PMMY is Rs.10,00,000 This categorization signifies the stage of growth / development and funding needs of the beneficiary micro unit/ entrepreneur and also provide a reference point for the next phase of graduation / growth. Nature of credit facility • The facility is collateral free i.e. borrowers need not provide any security or collateral for availing Mudra ...

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them. It enables a small borrower to borrow from all Public Sector Banks such as PSU Banks, Regional Rural Banks and Cooperative Banks, Private Sector Banks, Foreign Banks, Micro Finance Institutions (MFI) and Non Banking Finance Companies (NBFC) for loans upto Rs 10 lakhs for non-farm income generating activities. The scheme was launched on 8th April, 2015 by the Hon'ble Prime Minister. Eligibility Any Indian Citizen who has a business plan for a non-farm sector income generating activity such as manufacturing, processing, trading or service sector and whose credit need is less than Rs 10 lakh can approach either a Bank, MFI, or NBFC for availing of Micro Units Development & Refinance Agency Ltd. (MUDRA) loans under Pradhan Mantri Mudra Yojana (PMMY). Types of loans provided Under the aegis of Pradhan Mantri MUDRA Yojana, MUDRA has already created the following products / schemes. • Shishu : covering loans upto 50,000/- • Kishor : covering loans above 50,000/- and upto 5 lakh • Tarun : covering loans above 5 lakh and upto 10 lakh The interventions have been named 'Shishu', 'Kishor' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth to ...

• Introduction • About the Scheme • Types of loans • Objectives • Eligibility • Sectors covered • Implementation • Significance • Concern • Need of hour Introduction • Cabinet has approved 2% Interest Subvention approved on prompt repayment of Shishu Loans under • The estimated cost of the Scheme would be approximately Rs. 1,542 crore which would be provided by the Government of India. • This Scheme is for implementation of one of the measures relating to MSMEs, announced under the Atma Nirbhar Bharat Abhiyan. About the Pradhan Mantri MUDRA Yojana (PMMY) Scheme: • Launched in April, 2015. • The scheme’s objective is to refinance collateral-free loans given by the lenders to small borrowers. • Banks and MFIs can draw refinance under the MUDRA Scheme after becoming member-lending institutions of MUDRA. • Mudra Loans are available for non-agricultural activities upto Rs. 10 lakh and activities allied to agriculture such as Dairy, Poultry, Bee Keeping etc, are also covered. • Mudra’s unique features include a Mudra Card which permits access to Working Capital through ATMs and Card Machines. There are three types of loans under PMMY: • Shishu (up to Rs.50,000). • Kishore (from Rs.50,001 to Rs.5 lakh). • Tarun (from Rs.500,001 to Rs.10,00,000). Objectives of the scheme: Fund the unfunded: • Those who have a business plan to generate income from a non-farm activity like manufacturing, processing, trading or service sector but don’t have enough capital to invest can take loans up ...