Mudra loan of Pradhan Mantri Mudra Yojana is a Government of India undertaking designed to meet the financing needs of non corporate small business units of the country. The idea is to provide financial support for small business which employ majority of the Indian working population.."MUDRA is a refinancing Institution. MUDRA do not lend directly to the micro entrepreneurs individuals. Mudra loans under Pradhan Mantri Mudra Yojana PMMY can be availed of from nearby branch office of a bank, NBFC, MFIs etc. Borrowers can also now file online application for MUDRA loans on Mudramitra portal ..Pradhan Mantri MUDRA Yojana PMMY is a scheme launched by the Hon'ble Prime Minister on for providing loans upto 10 lakh to the non corporate, non farm small micro enterprises. These loans are classified as MUDRA loans under PMMY..Mudra Loan Pradhan Mantri Mudra Yojana PMMY is a prime scheme launched by government of India to provide finance up to Rs. 10 lakh for non farming and non corporate micro and small enterprises..Mudra loans are designed to bring enterprises into the formal financial system, or to "fund the unfunded". Loans under PMMY scheme are available to non farm micro or small enterprises engaged in income generation through manufacturing, trading and services..
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