New Delhi, March 26 -- The Government of India has implemented a series of targeted credit initiatives designed to support small traders, farmers, and emerging entrepreneurs across various sectors.

These strategic financial programs aim to provide accessible, affordable credit and foster economic growth at the grassroots level.

The Pradhan Mantri Mudra Yojana (PMMY) stands as a cornerstone of these efforts, offering collateral-free institutional credit through multiple lending institutions, including Scheduled Commercial Banks, Regional Rural Banks, Non-Banking Financial Companies, and Microfinance Institutions.

The scheme provides flexible loan products categorised into four tiers: Shishu (up to Rs. 50,000), Kishore (Rs. 50,000 to Rs....