Pradhan Mantri Mudra Yojana (PMMY) Loan

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India designed to provide micro credit and loans of up to ₹20 lakh. The scheme targets income-generating micro enterprises in the non-farm sector, including manufacturing, trading, and service sectors, as well as activities allied to agriculture such as poultry, dairy, and beekeeping. PMMY offers financial assistance through Member Lending Institutions to non-corporate, non-farm entities engaged in small-scale income-generating activities. These entities include proprietorships, partnerships, small manufacturing units, service units, shopkeepers, vendors, truck operators, food-service units, repair shops, artisans, and food processors, among others.

Lending Institutions under PMMY

Public Sector Banks

Private Sector Banks

State-operated Cooperative Banks

Rural Banks from the Regional Sector

Micro Finance Institutions (MFI)

Non-Banking Financial Companies (NBFC)

Small Finance Banks (SFBs)

Other financial intermediaries approved by Mudra Ltd. as member financial institutions

Benefits of PMMY Loan

  • Highlighting the stage of growth / development and funding needs of the beneficiary micro unit/ entrepreneur, the scheme has been categorized as Shishu, Kishore, Tarun.
    • Shishu: Loans up to ₹50,000.
    • Kishore: Loans above ₹50,000 and up to ₹5 lakh.
    • Tarun: Loans above ₹5 lakh and up to ₹20 lakh.

Eligibility for PMMY Loan

  • Individuals
  • Proprietary Concerns
  • Partnership Firms
  • Private Limited Companies
  • Public Companies
  • Any other legal forms

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