The scheme was launched on 8th April 2015 to promote and ensure access of financial facilities to Non –Corporate Small Business Sector (NCSBS). The loans provided are easily accessible and in three categories- Shishu, Kishore and Tarun.Under the scheme all loans upto Rs.10 lakh for income generating activities will be extended as PMMY loans. Loan of upto Rs. 50000 is given under sub-scheme ‘Shishu’ between Rs. 50,000 to 5 Lakhs under sub-scheme ‘Kishore’ and between Rs. 5 Lakhs to Rs.10 Lakhs under sub-scheme ‘Tarun’.
Activities allied to Agriculture (excluding crop loans, land improvement such as canals, irrigation, wells) and services supporting these, which promote livelihood or are income generating, have also been included under Pradhan Mantri Mudra Yojanafrom April, 2016 onwards.
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