The Pradhan Mantri Mudra Yojana aims to enable the following mancial companies and banks to provide Low Rate Loans to eligible entities.
Micro Finance Institutions (MFIs)
Non-Banking financial institutions/Companies (NBFCs)
Small Finance Banks and RBIs
Commercial Banks, Cooperative Banks, etc.
The interventions have been named
Shishu – covering loans up to Rs 50,000.
Kishor – covering loans above RS 50,000/- and up to Rs 5 lakh.
Tarun – covering loans above Rs 5 lakh and up to RS10 lakh.