About the scheme Launched in 2015 to promote entrepreneurship, Pradhan Mantri Mudra Yojana (PMMY) provides loans upto Rs. 10 lakh to the non-corporate, non-farm small/micro enterprises. PMMY aims to “fund the unfunded” by bringing such enterprises to the formal financial …
Background: The International Monetary Fund (IMF) has predicted that in five years from now, India’s GDP will have increased to $5.8 trillion and India will be the third largest economy of the world. Even then India will be the poorest …