Pradhan Mantri MUDRA Yojana
PMMY provides collateral-free loans up to ₹20 lakh to non-corporate, non-farm micro enterprises in India.
Pradhan Mantri MUDRA Yojana (PMMY) is a central government initiative offering collateral-free loans up to ₹10 lakh to micro and small businesses.
The Pradhan Mantri MUDRA Yojana (PMMY) is a significant central scheme launched by the Government of India. This initiative is designed to provide financial assistance to micro and small enterprises across the nation.
Under PMMY, eligible businesses can access collateral-free loans, removing a common barrier to funding. The scheme supports entrepreneurs by making capital available without requiring security.
The maximum loan amount that can be availed through this program is ₹10 lakh. Funding is facilitated via MUDRA Ltd and a network of partner banks, ensuring broad access for eligible enterprises.
PMMY provides collateral-free loans up to ₹20 lakh to non-corporate, non-farm micro enterprises in India.
Compare this scheme's programs against the wider funding landscape.