10 Lines on Pradhan Mantri Mudra Yojana

Most people depend on local money-lenders for credit. Too much interest has to be paid on the loan. Often the circumstances become unbearable. Because of this, these poor people remain under debt for generations. When business fails, these moneylenders, through their power and other outrageous methods, make the lives of borrowers difficult. For the benefit of the small scale business enterprises to overcome such kind of difficulties, the Pradhan Mantri Mudra Yojana scheme was launched by the Modi cabinet in April 2015.

Ten Lines on Pradhan Mantri Mudra Yojana

Set 1

1)  PMMY was launched in April 2015 for the benefit of small scale business enterprises to get a loan from commercial banks easily.

2) The full name of the Pradhan Mantri Mudra Yojana (PMMY) is Micro Units Development Refinance Agency.

3) Its first objective is to provide easy loans for self-employment of the people.

4) The second aim is to create the opportunity of employment at a large scale through these small enterprises.

5) The special thing about Mudra Yojana (PMMY) is that three out of four people who take loans under it are women.

6) The government has disbursed loans of Rs 2, 20,596 crores under the Mudra scheme till 23 March 2019.

7) Loans are provided without any guarantee under Pradhan Mantri Mudra Yojana.

8) No processing charge is charged for the loan under PMMY.

9) In the PMMY, the loan repayment period can be extended up to 5 years.

10) The minimum interest rate is usually 12%.


Hereunder another set of ten lines that will provide important information about the scheme launch by union govt. with the name of PMMY. These facts are given in simple English for the understanding of senior students and will improve their language while writing about this scheme. They may use some points to make their topic gracious and attractive.

Set 2

1) According to the website made for PMMY, loans worth Rs. 228144 crore have been sanctioned under the Mudra Yojana till 23 March 2018.

2) The government has paid up loans of Rs. 220596 crore under the Mudra scheme till 23 March this year.

3) The rate of interest depends on the nature of the business of the borrower and the risk associated with it.

4) For the loan under Mudra Yojana (PMMY), one has to apply to the government or commercial banks.

5)  A person has to provide the ownership or rental documents, work-related information, Aadhaar, PAN number and many other documents with the application.

6) Under this scheme, three types of loans are given which include Shishu Loan, Kishore Loan, and Tarun Loan.

7) There is a provision for loans ranging from 50 thousand to 10 lakh rupees as per the nature of the loan applied.

8) Under Prime Minister Mudra Yojana, the interest rate is not fixed, but usually the minimum interest rate is not less than 12% per annum.

9) The special thing is that even if a person wants money to enhance her/his current business, she/he will still be able to get a loan under PMMY.

10) The borrower gets a Mudra card, with the help of which she/he can pay on business needs.


The central government has launched the Pradhan Mantri Mudra Yojana (PMMY) to start small enterprises and to give relief to the borrowers from the high-interest rate charged by the private money lenders. Under this, people are given small loans at the lowest interest rate for starting their venture. This scheme started in April 2015.