Government Schemes
What is Mudra Loan (PMMY)? — Meaning, Definition & Example
Definition
Mudra Loan under Pradhan Mantri Mudra Yojana provides collateral-free loans up to ₹10 lakh to micro/small enterprises. Three categories: Shishu (up to ₹50,000), Kishore (₹50,000-5 lakh), and Tarun (₹5-10 lakh). Available through banks, NBFCs, and MFIs.
💡 Real Example
A street food vendor can get a ₹50,000 Shishu Mudra loan at 10-12% interest without any collateral to expand their business.
🇮🇳 Mudra Loan (PMMY) in Hindi / हिंदी में
मुद्रा लोन — मुद्रा लोन सूक्ष्म/लघु उद्यमों को ₹10 लाख तक का संपार्श्विक-मुक्त ऋण प्रदान करता है। तीन श्रेणियां: शिशु, किशोर, तरुण।
Mudra Loan (Hinglish) — Mudra Loan PMMY ke under micro/small businesses ko ₹10 lakh tak ka collateral-free loan deta hai. Shishu (₹50K), Kishore (₹5L), Tarun (₹10L).
❓ Frequently Asked Questions
What is Mudra Loan (PMMY) in simple words?
Mudra Loan under Pradhan Mantri Mudra Yojana provides collateral-free loans up to ₹10 lakh to micro/small enterprises. Three categories: Shishu (up to ₹50,000), Kishore (₹50,000-5 lakh), and Tarun (₹5-10 lakh). Available through banks, NBFCs, and MFIs.
Can you give an example of Mudra Loan (PMMY)?
A street food vendor can get a ₹50,000 Shishu Mudra loan at 10-12% interest without any collateral to expand their business.
What is Mudra Loan (PMMY) meaning in Hindi?
In Hindi, Mudra Loan (PMMY) is called मुद्रा लोन. मुद्रा लोन सूक्ष्म/लघु उद्यमों को ₹10 लाख तक का संपार्श्विक-मुक्त ऋण प्रदान करता है। तीन श्रेणियां: शिशु, किशोर, तरुण।