PM Mudra Yojana:
Pradhan Mantri Mudra Yojana (PMMY) celebrated its 10th anniversary in April, 2025. Prime Minister of India and key ministers hailed the scheme’s role in financial inclusion and grassroots entrepreneurship.
- PM Mudra Yojana (PMMY) launched: April 8, 2015
- Ministry of Finance (implemented by MUDRA Ltd under SIDBI)
- Objective is to provide collateral-free credit up to ₹10 lakh to non-corporate, non-farm micro and small enterprises (MSEs)
- Extended Coverage: Loans now go up to ₹20 lakh under Tarun Plus category.
- Key Features
- Loan Types:
- Shishu (up to ₹50,000)
- Kishor (₹50,000–₹5 lakh)
- Tarun (₹5 lakh–₹10 lakh)
- Tarun Plus (₹10–₹20 lakh)
- Loan Types:
- Lending Institutions: SCBs, RRBs, NBFCs, MFIs, SFBs, Cooperative Banks
- No collateral required and nominal interest rates set by lending institutions as per RBI norms
- Focus on underserved groups: Women, SC/ST/OBC, minorities
