Mudra Loan Explained: Is It the Right Fit for Your Business?

What is a Mudra Loan? Launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015 by the Ministry of Trade and Industry, the Mudra Loan Scheme offers crucial financial assistance to small businesses across India. These loans can be either interest-free or available at a lower interest rate designed to enhance production and distribution capabilities.