Pradhan Mantri MUDRA Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) was launched on 08.04.2015 with the objective of providing access to institutional collateral free credit to micro enterprises.
Features:
- Purposes: Non-agricultural, including activities allied to agriculture such as poultry, dairy, beekeeping etc. Term loan and working capital requirements can both be met;
- Categories:
- Shishu – upto Rs.50,000;
- Kishore– Above Rs.50,000 and upto Rs.5 lakh;
- Tarun- Above Rs.5 lakh and upto Rs.10 lakh; and<
- Tarun Plus- Above Rs.10 lakh and upto Rs.20 lakh (for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ Category w.e.f 24.10.2024).
- Member Lending Institutions (MLIs): Public Sector Banks (PSBs), Private Sector Banks, Foreign Banks, Regional Rural Banks, Small Finance Banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs) and NBFC- MFIs;
- Collateral not required.
Progress under MUDRA (as on 28.02.2025 since launch of scheme)
Total accounts sanctioned : 52.07 crore
Total Sanctioned Amount : Rs. 33.19 lakh crore
Total Disbursed Amount : Rs. 32.40 lakh crore