Pradhan Mantri Mudra Yojana
Term loan & Cash Credit facility up to 10.00 lakh to nonfarm units engaged in Manufacturing, trading & service activities.
Food products sector, activities allied to agriculture and services in these area up to Rs.10.00 Lakh included under PMMY.
Schemes under PMMY are -
- Shishu – Loans up to 50000/-
- Kishore - Loans from 50001/ - to 500000/-
- Tarun - Loans from 500001/ - to 1000000/-
Overdraft facility extended for eligible PMJDY beneficiary will be covered under PMMY.
No collateral & third party guarantee.
Interest Rate :
- MSE loans up to Rs.10.00 lakh : @MCLR+BSS
Agricultural allied activity, food processing etc. Slab wise interest rate as under
- Up to Rs.50000/- : @ MCLR+BSS+0.75%
- Above Rs.50000/- & up to Rs.2.00 lakh : @ MCLR+BSS+1.50%
- Above Rs.2.00 lakh & up to Rs.10.00 lakh: @MCLR+BSS+ 2.00%
(BSS is Business Strategy Spread which is at present: 0.25%)
MUDRA Debit Card will be provided to all Cash Credit account holders under PMMY
Loan Application Form for Pradhan Mantri Mudra Yojana (PMMY)