Pradhan Mantri Mudra Yojana
Pradhan Mantri Mudra Yojana (PMMY) was launched by the Govt of India on April 8, 2015, to encourage innovation and development in the small and micro business sector. MUDRA stands for Micro Units Development & Refinance Agency Ltd.
The core objective is to provide financial support to the non-corporate, non-farm small/micro enterprises. Under this scheme, loans up to ₹10 Lakhs are provided to help bring millions of small enterprises into the formal financial system.