Designed to encourage entrepreneurship, these loans have three categories ‘Sishu’, ‘Kishore’ and ‘Tarun’
Once the second wave is over, the government is planning to make MUDRA loans more robust and accessible to the common people
Pradhan Mantri MUDRA Yojana was launched by Prime Minister Narendra Modi on April 8, 2015, to promote entrepreneurship
The Finance Ministry said that 4.20 crore PMMY loans were sanctioned in 2020-21, and Rs 2.66 lakh crore was allocated in 2020-21 as on March 19, 2021