Pradhan Mantri Mudra Yojana (PMMY)
PMMY was launched on April 8, 2015 under the vision of "Funding the Unfunded." It offers collateral-free loans to non-corporate, non-farm micro and small enterprises through Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, NBFCs, and Microfinance Institutions. The scheme targets micro-entrepreneurs engaged in manufacturing, trading, services, and allied agricultural activities.
- Shishu: Loans up to ₹50,000 (early-stage/very small businesses)
- Kishor: Loans from ₹50,001 to ₹5 lakh
- Tarun: Loans from ₹5 lakh to ₹10 lakh
- Tarun Plus (introduced 2024): Loans up to ₹20 lakh (for Tarun graduates with good repayment track record)
- Total disbursals (as of March 2026): Rs 40+ lakh crore through 57.79 crore accounts
- No collateral required; backed by Credit Guarantee Fund for Micro Units (CGFMU)
● Tracked since March 14, 2026 · last seen May 20, 2026 · updates as the daily brief publishes
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