Question
In the Mudra Loan Scheme, which type of loan is
available for the entrepreneurs?Solution
MUDRA Loan is offered under the Pradhan Mantri Mudra Yojana (PMMY) which was launched in 2015 with the aim to help small scale businesses expand and attain success. MUDRA stands for Micro-Units Development and Refinance Agency. Under this scheme, borrowers can avail business loans ranging from Rs.50,000 to Rs.10 lakh and also avail different types of loans in which one type is Working capital loan via MUDRA cards.Â
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