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Mudra is a government agency that provides loans to micro-entrepreneurs in India. It offers various schemes, such as Shishu, Tarun, and Kishor, with different eligibility criteria and interest rates.
- FAQ सामान्य प्रश्न
Pradhan Mantri Mudra Yojana is a Government of India scheme,...
- Gallery गॅलरी
Note: There are no agents or middleman engaged by MUDRA for...
- Corporate Governance निगम अभिशासन
"MUDRA is a refinancing Institution. MUDRA does not lend...
- Success stories कामयाबीयां
Pradhan Mantri MUDRA Yojana (PMMY) provides loans upto 10...
- Careers करियर
Note: There are no agents or middleman engaged by MUDRA for...
- Offerings प्रस्ताव
The funding support from MUDRA are of two types: Micro...
- FAQ सामान्य प्रश्न
5 days ago · Learn about the Pradhan Mantri Mudra Yojana, a government scheme that provides micro credit/loan up to Rs. 10 lakhs to non-farm sector micro and small enterprises. Find out the eligibility, interest rate, application process, documents required and benefits of the scheme.
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- Loan Limits and Interest Rates Under Mudra Scheme
- What Can The Loans Taken Under Mudra Yojana Be Used for?
- Eligibility of The Borrower
- Business Sectors and Services Covered Under Mudra Yojana
- Changes in Lending Target Under The Mudra Yojana
- Emphasis on Specific Segments
As per the choices for financing available under this scheme, the loan limits and interest rates vary for accommodating for the growth phase of the respective business availing such loan. The applicable limits and rates are as follows: 1. Shishu –Loans up to a limit of Rs.50,000. The interest rate would depend on the bank, as per the guidelines of ...
The loans under this scheme could be availed for the purposes listed below: 1. Commercial vehicle loan. 2. Transport vehicle loan. 3. Working capital loan. 4. Loan for plant and machinery. 5. Loans for agri-allied non-farm income generating activities. 6. Business loans for traders and shopkeepers.
Loans would be provided to all the non-farm income-generating businesses in trading, manufacturing and services whose credit requirements are less than Rs.10 lakhs by all Scheduled Commercial Banks, Small Finance Banks, Regional Rural Banks, NBFCs, MFIs and Urban Co-operative Banks would be known as Mudra loans under the PMMY (Pradhan Mantri Mudra ...
The following is an illustrative list of business activities and services that are eligible for obtaining Mudra loans: 1. Entrepreneurs who purchase transport vehicles for transportation of goods and passengers such as auto-rickshaws, three-wheelers, small goods transport vehicles, taxis, e-rickshaws, etc. 2. Tractors, Power Tillers, Tractor Trolle...
The finance minister in the Budget 2016-2017 set a target of advancing INR 1.22 lakh crores under the Mudra Yojana to help to support and to revive the MSMEs. This lending target was not only achieved but was actual overran by a big margin. Consequently, in light of the erstwhile success, the union government decided to double the lending target un...
The Finance Minister said that though the target for lending is scaled up, the key targets would be women, backward classes, minorities, Dalits and Tribals who have been usually not provided the adequate opportunity of getting finances for their businesses.
The funding support from MUDRA are of two types: Micro Credit Scheme (MCS) for loans up to 1 lakh finance through MFIs. Refinance Scheme for Commercial Banks / Regional Rural Banks (RRBs) / Small Finance Banks / Non Banking Financial Companies (NBFCs).
Apr 8, 2023 · The Pradhan Mantri MUDRA Yojana (PMMY) was launched on 8th April 2015 by Prime Minister Shri Narendra Modi with the aim to facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small and micro entrepreneurs for income generating activities.
MUDRA Loan Scheme will aim to increase the confidence of the aspiring young person to become first generation entrepreneurs as also of existing small businesses to expand their activities.
Learn about the scheme that provides loans up to 10 lakh to non-corporate, non-farm small/micro enterprises. Find related links to other government schemes, insurance, pension and financial services.
