•Pradhan Mantri Mudra Yojana (PMMY), launched in 2015, is a government initiative aimed at providing collateral-free loans to micro and small enterprises targeting- financial inclusion.
•Loan Categories
•Shishu: Loan up to ₹50,000 for start-ups.
•Kishore:Loan between ₹50,001 – ₹5 lakhs to expand business
•Tarun: Loan from ₹5 lakh – ₹20 lakh for significant expansion. Limit enhanced from ₹10 lakh to ₹20 lakh in Oct 2024.
•Target Group: MSMEs, non-corporate small businesses such as vendors, shopkeepers, artisans, and service units.
•Special focus on women entrepreneurs, SC/ST groups, and economically weaker sections.
•Lending Institutions: Commercial banks, RRBs, MFIs, NBFCs.