Government schemes
What is PM Mudra Yojana?
PM Mudra Yojana is a central sector run by the Ministry of Finance, launched in 2015.
The detail
| Ministry | Finance |
|---|---|
| Launched | 2015 |
| Type | central sector |
| Funding | Loans by banks/NBFCs/MFIs refinanced via MUDRA (a SIDBI subsidiary) |
| Aim | Collateral-free loans up to Rs 20 lakh (Tarun Plus, 2024) to non-farm micro enterprises; slabs Shishu, Kishore, Tarun |
Commonly confused: MUDRA does not lend directly to borrowers; it refinances lenders. Limit raised from Rs 10 lakh to Rs 20 lakh in 2024.
Source: www.mudra.org.in/
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