The Pradhan Mantri MUDRA Yojana is a government initiative aimed at providing financial support to small and micro-enterprises in India. It was launched to promote entrepreneurship and generate employment opportunities.
Type | |
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Shishu | For loans up to ₹50,000 |
Kishor | For loans ranging from ₹50,001 to ₹5,00,000 |
Tarun | For loans ranging from ₹5,00,001 to ₹10,00,000 |
Entrepreneurs can apply for MUDRA loans through participating banks, NBFCs, and other financial institutions. The application process is simple, and the eligibility criteria are designed to be inclusive.
The Pradhan Mantri MUDRA Yojana plays a crucial role in fostering economic development by supporting the growth of small and micro-enterprises. By providing financial assistance and encouraging entrepreneurship, the scheme contributes to job creation and overall prosperity.
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