MUDRA LOAN

A MUDRA Loan is a premier government-backed credit initiative launched under the Pradhan Mantri MUDRA Yojana (PMMY) to provide affordable, collateral-free funding to micro and small enterprises in India. Geared toward non-corporate, non-farm small businesses, these loans are disbursed through commercial banks, RRBs, small finance banks, and NBFCs. The scheme is uniquely structured into three distinct product tiers—Shishu, Kishor, and Tarun—reflecting the development stage and financial requirements of the borrowing business.