Welcome to Swavalamban Connect Kendra
Pradhan Mantri Mudra Yojana (PMMY) is a scheme set up by the Government of India (GoI) through MUDRA (a subsidiary of SIDBI) that helps in facilitating micro credit upto Rs. 10 lakh to small business owners. MUDRA supports Financial Intermediaries to extend loans to the non-corporate, non-farm sector income generating activities of micro and small entities with credit needs upto Rs. 10 lakhs). The interventions have been named 'SHISHU', 'KISHOR' and 'TARUN' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur.
This stage would cater to entrepreneurs who are either in their primitive stage or require lesser funds in order to get their businesses started.
This section of entrepreneurs would belong to either those who have already started their business and want additional funds to mobilize their business.
If an entrepreneur meets the required eligibility conditions, he/she could apply loan for upto Rs.10 lakhs. This would be the highest level of amount that an entrepreneur could apply for a startup loan.
The business should be either one of the following:
The loans under MUDRA scheme can be availed only through banks and lending institutions which include:
Shishu (Covering loans upto Rs. 50,000/-)