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Context
Pradhan Mantri Mudra Yojana (PMMY)
Features of the Pradhan Mantri Mudra Loan:
Loan Amount |
Maximum loan amount Rs. 10 lakh
|
Processing fee |
Nil for Shishu and Kishore loan, 0.5% of the loan amount for Tarun loan |
Eligibility Criteria |
New and existing units |
Repayment period |
3 – 5 years |
Benefits of Mudra Loan Under PMMY
The sectors that are covered under the MUDRA Yojana scheme
Significance of mudra loan in Indian Economy
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