The Union Cabinet approved a scheme for 2 per cent interest subvention to all Shishu loan accounts for a period of 12 months under the flagship Pradhan Mantri Mudra Yojana (PMMY). Under the Shishu category, collateral free loans of up to Rs 50,000 are given to beneficiaries.
Pradhan Mantri Mudra Yojana
Three types of loans were arranged under the Pradhan Mantri Mudra Yojana
Importance of the scheme
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