New Delhi, Jan. 27 -- The flagship program of the Government of India, Pradhan Mantri Mudra Yojana (PMMY), aims to promote entrepreneurship among micro and small business owners and promote financial inclusion. Let's look at the features, benefits, and application process of this scheme in more detail.

MSEs trading, or even manufacturing/processing or involved in any type of service could receive loans up to Rs. 10 lakh as under the scheme, PMMY. Apart from financing, lenders also have refinancing options, insurances for Mudra loans as well as capacities are enhanced and facilitated for their customers.

To apply for Mudra loan follow the following procedures:

Step 1: Visit the PMMY official website.

Step 2: Select the loan type and pr...