Pradhan Mantri Mudra Yojana (PMMY)

Pradhan Mantri Mudra Yojana (PMMY) is a government-backed initiative in India designed to provide affordable loans to small and micro-businesses. It aims to support entrepreneurs in starting or expanding their businesses, such as artisans, shopkeepers, or small-scale industries. Under this scheme, eligible individuals can access loans up to a specified limit without requiring collateral or elaborate paperwork. The goal is to promote financial inclusion, foster entrepreneurship, and boost economic growth by helping small business owners secure the necessary funding to grow their enterprises.