On 31st March, 2022, Prime Minister virtually interacted with a beneficiary of the Pradhan Mantri MUDRA Yojana hailing from Mehsana in Gujarat and appreciated him for choosing to be a “job creator” instead of becoming a “job seeker”.
About PM MUDRA Yojana: In April 2015, the government introduced the Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana to provide loans of up to Rs. 10 lakh to non-corporate, non-farm small/micro enterprises.
Types of Loans: Shishu: loans up to Rs 50,000/-; Kishor: loans between Rs 50,000 and Rs 5 lakh; and Tarun: loans between Rs 5 lakh and Rs 10 lakh
