PMMY (Pradhan Mantri MUDRA Yojana)
Scheme that provides collateral-free institutional credit to non-corporate, non-farm micro and small enterprises through three product categories: Shishu (up to ₹50,000), Kishore (₹50,000–5 lakh) and Tarun (₹5 lakh–10 lakh).
Why UPSC tests this
Tested on the three product categories, that MUDRA Bank refinances rather than lends directly, and that the scheme is implemented through banks, NBFCs, MFIs and SFBs.
Latest from PIB
8 on this page- 5 Aug 2025Ministry of Earth Sciences
Union Minister Dr. Jitendra Singh hails India's first ever two aquanauts Cdr. Jatinder Pal Singh and Sh. Raju Ramesh deep dive upto 5000m in Deep Sea
Indian aquanauts Cdr. Jatinder Pal Singh and Raju Ramesh made history by achieving India's deepest manned deep-sea dives to 5002m in the Atlantic, making India one of few nations with this capability. This achievement, conducted with French collaboration using the submersible Nautile, serves as a significant step towar…
- 15 Jan 2025Ministry of Ports, Shipping and Waterways
Union Minister Sarbananda Sonowal Unveils Digital Transformation Initiatives at IT Conclave, 2025
The Ministry of Ports, Shipping and Waterways launched significant digital initiatives at the IT Conclave 2025, including the e-Samudra platform and a redesigned DG Shipping website. These aim to modernize maritime governance, enhance transparency, and improve efficiency, aligning with India's long-term digital and mar…
- 20 Nov 2024Ministry of MSME, through Khadi and Village Industries Commission
PMEGP Provides Higher Subsidy and Lower Own contribution for SC and Rural Beneficiaries
This PIB release details three key government schemes: PMEGP, NSSH, and PMMY. It highlights PMEGP's focus on rural employment generation and benefits for SC beneficiaries. The NSSH scheme aims to empower SC/ST entrepreneurs in public procurement, while PMMY provides collateral-free institutional credit across four dist…
- 27 Oct 2024Ministry of Personnel, Public Grievances & Pensions
Dr Jitendra Singh Calls for Developing Entrepreneurial Mindset Among the SC Community to Avail of Modi Government Schemes
Union Minister Dr. Jitendra Singh launched the J&K chapter of the Dr. Ambedkar Chamber of Commerce, urging the Scheduled Caste community to embrace an entrepreneurial mindset and leverage government schemes like Jan Dhan, MUDRA, and Vishwakarma Yojana for socio-economic advancement. He also highlighted the Vigyan Jyoti…
- 30 Sept 2024Ministry of Statistics &
Annual Survey of Unincorporated Sector Enterprise
The National Statistics Office (NSO) under MoSPI conducted the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24 to measure economic characteristics of unincorporated non-agricultural establishments. The survey, which covered manufacturing, trade, and services (excluding construction), estimated 7.34 c…
- 7 Aug 2024Ministry of Textiles
Union Minister of Textiles Shri Giriraj Singh Honours India’s Handloom Weaving Excellence on 11th National Handloom Day
The 11th National Handloom Day event saw the Union Minister of Textiles confer awards on 24 master weavers. The event underscored the textile sector's status as India's second-largest employer and highlighted government efforts to boost the handloom industry through schemes like Mudra Yojana and technology like AI for…
- 25 Jun 2024Prime Minister's Office
Today, Nari Shakti is actively participating in the resolution of a Viksit Bharat and setting examples across sectors: Prime Minister
The Prime Minister highlighted the transformative role of women in achieving a developed India, emphasizing the government's shift to women-led development over the last 11 years. Several schemes like Swachh Bharat Abhiyan, Jan Dhan, Ujjwala Yojana, MUDRA loans, PM Awas Yojana, and Beti Bachao Beti Padhao are cited for…
- 15 Jun 2024Ministry of Textiles
HANDLOOM WEAVERS
The Ministry of Textiles implements multiple schemes to support handloom weavers nationwide, providing financial assistance for various needs including raw materials, infrastructure, and marketing. Key initiatives include the Weavers' MUDRA Scheme for concessional loans and enrollment of weavers under PMJJBY/PMSBY for…
Past UPSC Prelims questions on this
- UPSC Prelims 2020history
With reference to the history of India, consider the following pairs : Famous Place — Present State 1. Bhilsa — Madhya Pradesh 2. Dwarasamudra — Maharashtra 3. Girinagar — Gujarat 4. Sthanesvara — Uttar Pradesh Which of the pairs given above are correctly matched ?
Practice more on ancient medieval → - UPSC Prelims 2016economics
Pradhan Mantri MUDRA Yojana is aimed at
Practice more on money and banking →
Frequently asked
- What are the three categories under PMMY?
- Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh).
- Does MUDRA Bank lend directly to borrowers?
- No. MUDRA Bank refinances banks, NBFCs, MFIs and SFBs, which then on-lend to micro-enterprises.
- Is MUDRA loan collateral-free?
- Yes — the scheme's defining feature is collateral-free credit.
Related schemes
See all →Last updated 9 May 2026.