All About The Pradhan Mantri Mudra Yojana (PMMY)
All About The Pradhan Mantri Mudra Yojana (PMMY) The Pradhan Mantri Mudra Yojana (PMMY) offers loans to small businesses, startups, and entrepreneurs through the Micro Units Development and Refinance Agency (MUDRA). It provides financial support under three categories: Shishu , Kishor , and Tarun . Here’s a detailed guide on eligibility and required documents for MUDRA loans: Eligibility Criteria for MUDRA Loans Individuals and Entities Eligible: Small business owners. Startups. Sole proprietors. Partnership firms. Self-employed professionals. Service sector units. Micro and small manufacturing enterprises. Traders and shopkeepers. Artisans and craftspeople. Business Type: Businesses involved in manufacturing, trading, or services. Allied agricultural activities (e.g., dairy, poultry, horticulture). Transport operators (e.g., auto rickshaw owners, truck operators). Loan Amount: Shishu: Up to ₹50,000. Kishor: ₹50,001 to ₹5,00,000. Tarun: ₹5,00,001 to ₹10,00,000. Income and Credit Hi...