Start learning 50% faster. Sign in now
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth. The Union Budget presented by the Hon'ble Finance Minister Shri Arun Jaitley, for FY 2015-16, announced the formation of MUDRA Bank. Accordingly MUDRA was registered as a Company in March 2015 under the Companies Act 2013 and as a Non Banking Finance Institution with the RBI on 07 April 2015. MUDRA was launched by the Hon'ble Prime Minister Shri Narendra Modi on 08 April 2015 at a function held at Vigyan Bhawan, New Delhi.
'Naegleria fowleri' is in news recently, that is:
Thangka paintings are primarily associated with which religion?
As part of the T+0 settlement cycle initiative, SEBI expanded the number of top market cap scrips eligible for faster settlements from 25 to how many, e...
India has signed a MoU with which country to share the 'India Stack'?
Researchers at which of the following institutes developed a low-cost star sensor for astronomy and small CubeSat class satellite missions in March 2023?
What is India's total installed rooftop solar capacity as of March 2024?
Which country did Marcel Gomes represent as a winner of the 2024 Goldman Environmental Prize?
Which state in India was the pioneer in offering a monthly pension to women affected by acid attacks?
Who has become the flying officer in the Air Force from the Palwal district of Haryana?
According to Census 2011, the highest male-female disparity in literacy is in __________ whereas the lowest is in ______________.