Meaning
PM Mudra Yojana, or Pradhan Mantri Mudra Yojana, is a flagship scheme by the Government of India.Overview and Objective
This initiative provides loans up to ₹10 lakh to non-corporate, non-farm small/micro-enterprises. Its primary objective is to fund the unfunded, fostering entrepreneurship and economic growth.Loan Categories
Loans are broadly categorized into three products: Shishu (covering loans up to ₹50,000), Kishor (loans from ₹50,001 to ₹5 lakh), and Tarun (loans from ₹5,00,001 to ₹10 lakh).Key Features and Benefits
Key benefits include collateral-free loans, easy application processes, and support for income-generating activities across various sectors, promoting self-employment opportunities nationwide.Author
