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Pradhan Mantri Mudra Yojana under the Micro Units Development and Refinance Agency Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non corporate small business sector. Loans worth about Rs 1 lakh crore have been sanctioned to small entrepreneurs under the Pradhan Mantri MUDRA Yojana, Prime Minister Narendra Modi said today, emphasising that the government wants youth to be job creators and not job seekers.

Pradhan Mantri Mudra Yojana (PMMY)
प्रधानमंत्री मुद्रा योजना
Narendra Modi at launch of Pradhan Mantri Mudra Yojana.jpg
Narendra Modi at launch of Pradhan Mantri Mudra Yojana
Country India
Prime Minister Narendra Modi
Launched 8 April 2015; 20 months ago (2015-04-08)
Status Active
Website www.mudra.org.in

Pradhan Mantri Mudra Yojana (PMMY; Hindi: प्रधानमंत्री मुद्रा योजना) under the Micro Units Development and Refinance Agency (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units. It was announced by the Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non corporate small business sector.

Loans worth about Rs 1 lakh crore have been sanctioned to small entrepreneurs under the Pradhan Mantri MUDRA Yojana, Prime Minister Narendra Modi said today, emphasising that the government wants youth to be job creators and not job seekers.

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