What is the maximum amount of loan permissible under Shishu scheme of the Pradhan Mantri MUDRA Yojana?
Rs. 50,000
Understanding the Pradhan Mantri MUDRA Yojana and its Schemes
The Pradhan Mantri MUDRA Yojana (PMMY) is a flagship scheme of the Government of India. Its main aim is to provide loans up to ₹10 Lakh to non-corporate, non-farm small/micro enterprises.
MUDRA stands for Micro Units Development & Refinance Agency Ltd. MUDRA does not lend directly to micro entrepreneurs/individuals. The loans are disbursed by banks, Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs), etc.
Categories of Pradhan Mantri MUDRA Yojana Loans
The Pradhan Mantri MUDRA Yojana categorizes loan products into three schemes, based on the loan amount required by the borrower:
- Shishu: Covering loans up to ₹50,000. These are typically for businesses that are just starting or need minimal funding.
- Kishor: Covering loans above ₹50,000 and up to ₹5 Lakh. These are for existing businesses that need funds for expansion or other needs.
- Tarun: Covering loans above ₹5 Lakh and up to ₹10 Lakh. These are for established businesses looking for significant expansion or growth.
Maximum Loan under MUDRA Yojana Shishu Scheme
As per the structure of the Pradhan Mantri MUDRA Yojana, the Shishu category is specifically designed for micro-enterprises or individuals requiring a smaller amount of capital to begin or sustain their very initial operations.
The maximum amount of loan permissible under the Shishu scheme is clearly defined.
Let's look at the loan limits for each scheme:
| MUDRA Scheme | Loan Amount Range |
|---|---|
| Shishu | Up to ₹50,000 |
| Kishor | From ₹50,001 up to ₹5,00,000 |
| Tarun | From ₹5,00,001 up to ₹10,00,000 |
Based on this structure, the maximum loan amount that can be sanctioned under the Shishu scheme of the Pradhan Mantri MUDRA Yojana is ₹50,000.
Revision Table: MUDRA Yojana Scheme Limits
| Scheme Name | Purpose | Maximum Loan Amount |
|---|---|---|
| Shishu | Starting a business or very small funding needs | ₹50,000 |
| Kishor | Existing businesses for expansion | ₹5,00,000 |
| Tarun | Established businesses for significant growth | ₹10,00,000 |
Additional Information on Pradhan Mantri MUDRA Yojana
Here are some additional points about the Pradhan Mantri MUDRA Yojana:
- The scheme is aimed at promoting entrepreneurship and providing financial support to the unbanked small businesses.
- Loans under MUDRA are collateral-free.
- The loans can be used for various purposes such as purchasing machinery, equipment, working capital needs, etc.
- The interest rates are decided by the lending institutions (banks, NBFCs, MFIs) based on their internal policies and the prevailing market conditions, but are generally competitive.
- The focus is on funding income-generating activities in the non-farm sector.
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