PM Mudra Yojana Provides Collateral-Free Loans up to ₹20 Lakh to Entrepreneurs and Enterprises

• Pradhan Mantri MUDRA Yojana (PMMY) is a flagship credit scheme providing collateral-free institutional credit up to ₹20 lakh to non-corporate, non-farm micro/small enterprises through Member Lending Institutions (MLIs).
• Implemented via MUDRA Ltd (a wholly-owned subsidiary of SIDBI) under the Department of Financial Services, Ministry of Finance.
• Examinable as a core financial inclusion / MSME scheme, with the 2024-25 Union Budget enhancement to ₹20 lakh and the new "Tarun Plus" category being the latest hooks.