Pradhan Mantri Mudra Yojna - PMMY

Pradhan Mantri Mudra Yojana (PMMY) is a government initiative launched in 2015 to provide financial support to small and micro enterprises in India.

The scheme aims to encourage entrepreneurship and job creation by providing loans to individuals who want to start or expand their businesses.

Under the PMMY scheme, loans are provided through various financial institutions such as banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs).

The loans are categorized into three categories, namely, Shishu, Kishore, and Tarun, based on the stage of the business and the loan amount required.

The Shishu category covers loans up to Rs. 50,000, which are meant for businesses in the initial stages.

The Kishore category includes loans ranging from Rs. 50,001 to Rs. 5 lacks and is targeted at businesses that have already started their operations.

The Tarun category covers loans ranging from Rs. 5,00,001 to Rs. 10 lacks and is meant for businesses that need additional financial support to expand.

The PMMY scheme has played a crucial role in providing financial assistance to small businesses across the country.

It has helped in creating employment opportunities, reducing unemployment, and boosting economic growth. By providing easy access to credit, the scheme has empowered individuals to turn their business ideas into reality.

One of the key features of the PMMY scheme is its simplified loan application process.

The scheme emphasizes the use of technology to streamline the process and ensure quick disbursal of loans.

Applicants can apply for loans under the PMMY scheme online or offline, depending on their preference.

To apply for a loan, individuals need to fill in a simple application form and submit the necessary documents.

The required documents include identity proof, address proof, and business-related documents.

Once the application is submitted, it undergoes a quick verification process, and if approved, the loan amount is disbursed directly into the applicant’s bank account.

The interest rates for loans under the PMMY scheme are competitive and vary depending on the financial institution providing the loan.

However, the government provides interest rate concessions to borrowers who maintain a good repayment track record.

Apart from providing financial assistance, the PMMY scheme also focuses on creating awareness and imparting financial literacy among potential borrowers.

Various workshops and training programs are conducted to educate individuals about financial planning, managing their business finances, and availing the benefits of the scheme.

To summarize, Pradhan Mantri Mudra Yojana (PMMY) is a government scheme that aims to promote entrepreneurship and provide financial support to small and micro enterprises in India.

With its simplified loan application process and competitive interest rates, the scheme has played a significant role in empowering individuals to start and expand their businesses.

Through PMMY, the government has taken a step towards fostering economic growth, creating employment opportunities, and promoting financial inclusion in the country.


As we all know, today many youths in our country want to do a lot in their life, but due to lack of financial support, they are not able to do so, but by the current Prime Minister, a lot has been done in the country.

Government schemes have been started. One of which is the scheme Pradhan Mantri Mudra Yojna – PMMY which is being done to move the youth forward.

If you also want more information about these schemes or the digital services of this scheme, we are at the forefront of providing this facility to you, we are India’s best Digital India Portal company.

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