India, March 25 -- The Government of India issued the following news release:
The Government runs many credit Schemes for small traders, farmers and startups. The details of few of these schemes are mentioned below.
Pradhan Mantri Mudra Yojana (PMMY)
It provides collateral-free institutional credit through Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs).
Any individual, who is otherwise eligible to take a loan and has a business plan can avail loan under the Scheme. The loan is available for income generating activities in the manufacturing, trading, services sector and also for activities allied to agric...