Mudra Loan

The MUDRA (Micro Units Development and Refinance Agency) Loan scheme is a government-initiated financial program in India aimed at providing financial support to micro and small enterprises, including startups, small businesses, and entrepreneurs. It was launched in April 2015 as part of the Pradhan Mantri Mudra Yojana (PMMY) to promote entrepreneurship and job creation. The MUDRA Loan scheme operates under the aegis of the Ministry of Finance and provides funding through various financial institutions, including banks, non-banking financial companies (NBFCs), and microfinance institutions. Here are some key features of the MUDRA Loan: