PM MUDRA Yojana provides institutional credit to micro and small businesses that are unable to access formal banking credit. Loans are provided without collateral through banks, MFIs, and NBFCs. Three categories — Shishu (up to ₹50,000), Kishore (₹50,000–₹5 lakh), and Tarun (₹5–10 lakh) — cater to different stages of business growth.
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