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Option 2 : Vayask
Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below 10 Lakh.
Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. 'Shishu', 'Kishore' and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:
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Shishu |
covering loans up to 50,000 |
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Kishore |
covering loans above 50,000 and up to 5,00,000 |
|
Tarun |
covering loans above 5,00,000 and up to 10,00,000 |
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