What is MUDRA Yojana ?
MUDRA loans are offered by many financial institutions like the commercial banks, cooperative banks, small financial banks, non-banking financial companies, microfinance institutions, and Regional Rural Banks and so on. MUDRA loans are offered under Pradhan Mantri MUDRA Yojana (PMMY), a scheme that was launched in an effort to support micro, small and medium businesses. Though broadly similar, but the requirements of MUDRA loan documents slightly vary based on the type of loans, type of business and the category of MUDRA loans.
