Tuesday, 14 January 2020

All will get 1,20,000 rupees a year plus share, so that more people can benefit from such a scheme.

All will get 1,20,000 rupees a year plus share, so that more people can benefit from such a scheme.  

 Pradhan Mantri Yojna would be responsible for refinancing all Last Mile Financiers such as Non-Banking Finance Companies, Micro Finance Institutions, Societies, Trusts, Section 8 Companies [formerly Section 25], Small Finance Banks and Regional Rural Banks which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities as well as agri-allied activities. 

Pradhan Mantri Mudra Yojna would also partner with State/Regional level financial intermediaries to provide finance to Last Mile Financier of small/micro business enterprises. Under the aegis of Pradhan Mantri Yojana (PMMY) has already created its initial products/schemes. 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 and also to provide a reference point for the next phase of graduation/growth to look forward to. 

The financial limit for these schemes are:- a. Shishu: covering loans up to 50,000/- b. Kishor : covering loans above 50,000/- and up to 5 lakh c. Tarun: covering loans above 5 lakh to 10 lakh Download Pradhan Mantri Mudra Yojana Gujarati Video Tutorial For Pradhan Mantri Mudra Yojana (PMMY) 


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