Pradhan Mantri Mudra Yojana (PMMY) marked its 10th anniversary in April 2025, celebrating its role in promoting small businesses and financial inclusion. PMMY, launched in 2015 by the Government of India, aims to provide affordable credit to micro and small enterprises. It helps integrate underserved entrepreneurs into the formal financial system through easy access to credit. Loans up to ₹10 lakh are given for non-farm income-generating activities like manufacturing, trading, services, and processing. Loan categories include Shishu (up to ₹50,000), Kishore (₹50,000–₹5 lakh), and Tarun (₹5–10 lakh) based on business stage. No direct subsidy is given, but loans under government-linked schemes with capital support can benefit from PMMY.
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