 "What is Pradhan Mantri Mudra Yojana (PMMY)?")
Pradhan Mantri Mudra Yojana
About Pradhan Mantri Mudra Yojana
What is Pradhan Mantri Mudra Yojana (PMMY)?
Launched in 2015 by Prime Minister Narendra Modi, the Pradhan Mantri Mudra Yojana (PMMY) aims to enable Micro Finance Institutions (MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks, RBRs, Commercial Banks and Cooperative Banks to provide small loans to non-corporate non-farm micro/small enterprises and individuals engaged income-generating businesses.
What is Mudra loan
The Micro Units Development & Refinance Agency Limited (MUDRA), a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), has been vital in facilitating the implementation of the Mudra scheme by helping with refinance, extending credit guarantee support and monitoring the progress of the scheme through a dedicated
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