OBC Bank Prime Minister MUDRA Yojna (PMMY)
PRADHAN MANTRI MUDRA YOJANA (PMMY), a flagship scheme of Government of
India, was launched on 8th April, 2015 by the Hon’ble Prime Minster to “fund the
unfunded” by bringing such enterprises to the formal financial system and extending
affordable credit to them.
Eligibility Any Individual, Proprietor, Partner etc.
Engaged in non-farm & allied to agriculture activities.
For starting/extending business activities such as
Manufacturing, Trading and Services & Activities allied
Loan Amount Maximum upto Rs. 10.00 Lakh
3 category named as under:-
1. Shishu – Loans upto Rs. 50,000/-
2. Kishore– Loans above Rs. 50,000/- to Rs. 5.00 Lakh
3. Tarun – Loans Above Rs. 5.00 lakh to Rs. 10.00 Lakh
Type of Loan Cash Credit
Security Hypothecation of Assets created out of Bank finance.
Process Fee Upto Rs. 5.00 lakh – Nil
Above Rs. 5.00 lakh to Rs. 10.00 lakh – Rs. 300/- per lakh or
MUDRA Card For working capital requirement maximum upto Rs. 20,000/-
MUDRA Card may be issued for cash withdrawal.