Page 25 - MUDRA ANUBHAV

MUDRA has been working towards bridging this gap.
By creating a good architecture of Last Mile Credit
Delivery, MUDRA aims to increase the confidence of

the aspiring but unemployed youth of the country
to become first generation entrepreneurs as also of
existing small businesses to expand their activities.

Pradhan Mantri Mudra Yojana (PMMY), a scheme
to finance income generating small business
enterprises was also launched on 08 April 2015,
along with the launch of MUDRA, wherein all
banks are required to finance micro entrepreneurs
engaged in microenterprises of income generating
activities with loan requirement up to `10 lakh,
irrespective of whether they avail of refinance
support from MUDRA. However, MUDRA credit
guarantee support is available to all eligible
institutions under the Yojana. All MUDRA loans
issued on or after 8 April 2015 are eligible to be
covered under the CGFMU, notified on 18 April
2016. Lending under MUDRA loans focuses on the
unfunded segments of the Micro Enterprises by
granting the loans in the following 3 segments so
that they can significantly contribute to the nations
GDP: Loans up to `50,000 (Shishu) , Loans above
`50,001/- and up to `5 lakh (Kishore) and Loans
above `5,00,001/-and up to `10 lakh (Tarun) .These
three categories of MUDRA loans are based on
the business life-cycle that the loanee enterprise
currently is in. These three categories signify the
growth, development, and funding needs of the
beneficiaries.

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