Msme Mudra Loan For Business

The Pradhan Mantri Mudra Yojana (PMMY) is a government initiative designed to provide loans to small and micro enterprises in the non-farm sector. It offers financial assistance up to ₹10 lakh for businesses involved in manufacturing, trading, or services. The scheme is divided into three categories based on the loan amount:

1. Shishu: Loans up to ₹50,000.
2. Kishore: Loans between ₹50,001 and ₹5 lakh.
3. Tarun: Loans between ₹5 lakh and ₹10 lakh.

Eligible borrowers include individuals, proprietary concerns, partnership firms, private limited companies, and public companies. Loans can be availed through banks, microfinance institutions, and non-banking financial companies.