Pradhan Mantri Mudra Yojana
Pradhan Mantri Mudra Yojana Introduction In order to help micro, small, and medium-sized businesses (MSMEs), the Indian government introduced the Pradhan Mantri Mudra Yojana (PMMY) in 2015. By making it simple for potential entrepreneurs to get loans, the programme seeks to encourage entrepreneurship, provide job opportunities, and support economic growth. Through PMMY, millions of people all throughout the country have gained the ability to realise their ambitions and support the advancement of the country. Pradhan Mantri Mudra Yojana Overview Background and Purpose The PMMY was created to help small company owners who were having trouble getting loans through conventional banking channels. The scheme's main goal is to give small enterprises and aspiring entrepreneurs financial help, specifically when they are run by people from disadvantaged groups including women, scheduled castes, and scheduled tribes. Three-Tier Organisation The three-tier structure of the programme is ...