Pradhan Mantri Mudra Yojana
It is an initiative by the Union Ministry of Finance to ‘fund the unfunded’. It will provide loans from public sector, regional, rural, State and urban cooperative banks to non-farm income generating enterprises in manufacturing, trading and services whose credit needs are below Rs.10 lakh.
PMMY can be availed under three categories — Shishu, which will cover loans up to Rs. 50,000; Kishor for loans above Rs. 50,000 and up to Rs. 5 lakh; Tarun for loans above Rs. 5 lakh and up to Rs. 10 lakh.