Pradhan Mantri Mudra Yojana (PMMY)
The scheme was initiated on 8th April 2015. It offers loans in three tiers: up to Rs. 50,000 under the ‘Shishu’ category; between Rs. 50,000 and 5.0 Lakhs in the ‘Kishore’ category; and between 5.0 Lakhs and 10.0 Lakhs in the ‘Tarun’ category. These loans do not demand any collateral. The intention is … Read more