Not only have MSMEs fostered equitable economic growth, but also played a critical role in creating employment opportunities and made significant cont
The loanee does not need to submit collaterals for these loans. The annual rate of interest varies from 8.2% to 9.65%.
Under the scheme, collateral-free loans up to Rs 10 lakh in three categories for income-generating activities in manufacturing, trading and services s
MUDRA loans were launched to boost grassroots-level entrepreneurship and self-employment in the country
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
In 2015-16, the government announced the PMMY to ensure access to credit for small firms, boost entrepreneurship and promote financial inclusion