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Population engaged or intending to engage in small businesses require finance to facilitate their day to day business needs. PM Mudra Bank Yojana helps in facilitating micro credit upto 10 lakh to such small business owners. Pradhan Mantri Mudra Yojana is a special scheme set up by the Government of India through MUDRA (a subsidiary of SIDBI). MUDRA supports institution to extend loans to the non-corporate non-farm sector income generating activities of micro and small entities (subject to those enterprises with credit needs below 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.
Shishu : Covering loans upto Rs 50000/-, Kishor: Covering loans upto Rs 5,00,000/-,Tarun: Covering loans upto Rs 10,00,000/-,
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