Pradhan Mantri MUDRA Yojana (PMMY)

🔹 Objective

• Provide financial assistance to non-corporate, non-farm small/micro enterprises.
• Promote self-employment and entrepreneurship.

🔹 Loan Categories

1. Shishu – Loans up to ₹50,000 (for new businesses).
2. Kishore – ₹50,001 to ₹5 lakh (for growing businesses).
3. Tarun – ₹5 lakh to ₹10 lakh (for expansion of established businesses).

🔹 Eligibility

• Any Indian citizen between 18 to 65 years of age.
• Business plan must be in manufacturing, trading, or service sector.

🔹 Features

• Collateral-free loan (no guarantee required)
• Available via Banks, NBFCs, MFIs, RRBs & Cooperative Banks
• Repayment tenure: 3 to 5 years
• Interest rate: 8% – 12% per annum
• MUDRA Card issued for working capital

🔹 Who can be Beneficiaries?

• Small shopkeepers
• Street vendors
• Small service businesses
• Small manufacturers
• Artisans
• Taxi/Truck operators
• Food service units