Start learning 50% faster. Sign in now
Under the Pradhan Mantri Mudra Yojana (PMMY), collateral-free institutional credit up to Rs. 10 lakh is provided by Member Lending Institutions (MLIs). It was launched by the government in 2015 for providing loans up to Rs. 10 lakh to the non-corporate, non-farm small/micro-enterprises. MUDRA, which stands for Micro Units Development & Refinance Agency Ltd., is a financial institution set up by the Government. It provides funding to the non-corporate small business sector through various last-mile financial institutions like Banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). MUDRA does not lend directly to micro-entrepreneurs/individuals.
Who has been appointed as the Chairperson of National Commission for Women?
Who has been appointed as the Chairperson of the United Nations Internal Justice Council (IJC) in December 2024?
Who has been appointed as the Director General of the Sashastra Seema Bal (SSB)?
Which Indian chess player won her second women’s World Rapid and Blitz Championship in December 2024?
Which platform was introduced by Union Minister Piyush Goyal to foster innovation in India's startup ecosystem?
Recently, who has been appointed as new finance secretary of India?
What traditional love song from Bosnia has earned UNESCO recognition in December 2024?
Recently the International Narcotics Control Board has highlighted the availability of drugs in the illicit market due to drug trafficking. In which yea...