Pradhan Mantri Mudra Yojana Turns 11

The Prime Minister highlights the impact of PM Mudra Yojana on its 11th anniversary. The scheme focuses on providing credit support to small entrepreneurs and micro enterprises.

Pradhan Mantri Mudra Yojana (PMMY):

Dimension	Key Details
Full Form	Is Micro Units Development and Refinance Agency Limited.
Nature	Is a non-banking financial company.
Launch	Has been launched in April 2015.
Nodal Ministry	Is governed by the Ministry of Finance.
Implementing Agencies	Comprises commercial banks, regional rural banks, small finance banks, micro-finance institutions, and non-banking financial companies.
Aim	Provides for credit up to ₹10 lakh to small entrepreneurs.
Objective	Provides for collateral-free institutional credit to reduce dependence on informal moneylenders.
Eligibility	Comprises individuals, proprietary concerns, partnership firms, private and public companies, and other legal entities.
Loan Categories	Comprises Shishu up to ₹50000, Kishore above ₹50000 up to ₹5 lakh, Tarun above ₹5 lakh up to ₹10 lakh, and Tarun Plus above ₹10 lakh up to ₹20 lakh.
Key Features	Comprises collateral-free loans, coverage under Credit Guarantee Fund for Micro Units managed by National Credit Guarantee Trustee Company, and provision of Mudra Card for digital transactions.
Micro Credit Scheme	Provides for loans up to ₹1 lakh through micro-finance institutions for micro-enterprise activities.
Coverage Areas	Comprises business activities, transport services, community services, food sector, textiles, equipment finance, and agri-allied activities.
Synergies	Comprises linkage with Make in India, Start-up India, Stand-up India, National Rural Livelihoods Mission, National Urban Livelihoods Mission, and National Skill Development Corporation.