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What is the eligibility criteria for PMMY?

By IndianMoney , 8 months ago

Any Indian Citizen who has a business plan for a non-farm income-generating activity such as manufacturing, processing, trading or service sector whose credit need is up to Rs.10 lakh can approach either a Bank, MFI(Microfinance Institutions) or NBFC for availing of MUDRA loans under PMMY. "The usual terms & conditions of the lending agency may have to be followed for availing of loans under Pradhan Mantri Mudra Yojana."

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