Pradhan Mantri Mudra Yojana (PMMY)

Launched in April 2015 by the Prime Minister, the Mudra Yojana aims to enable Micro Finance Institutions (MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks, RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low Rate Loans to eligible entities.

OVERVIEW OF PRADHAN MANTRI MUDRA YOJANA

Name	PRADHAN MANTRI MUDRA YOJANA
Also known as	PMMY
Launched in	2015
Launched by	PM Narendra Modi
Aim to	Fund the unfunded
Maximum limit	Up to 65,000
Minimum limit	Min. 18,000
Sector	Central sector scheme
Official website	https://www.mudra.org.in/

OBJECTIVE AND BENEFITS OF PRADHAN MANTRI MUDRA YOJANA

Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of the Government of India. The scheme facilitates micro credit/Loan up to Rs. 10 lakh to income generating micro enterprises engaged in the non farm sector in manufacturing, processing, trading or service sector. MUDRA supports Financial Intermediaries to extend loans to the non-corporate, non-farm sector income generating activities of micro and small entities.

HOW TO APPLY FOR PRADHAN MANTRI MUDRA YOJANA

To apply click on the following link

https://www.mudra.org.in/Home/PMMYBankersKit

EXTERNAL LINKS

•Fiscal year

https://en.m.wikipedia.org/wiki/Fiscal_year