Under Prime Minister MUDRA Yojana, MUDRA has launched three programme according to loan limits. The govt. has launched that scheme to uplift small vendors.
MUDRA Bank is targeted towards main streaming young, educated or skilled workers and entrepreneurs including women entrepreneurs.
Shishu is the basic scheme of MUDRA Bank and under this scheme bank provides loan upto 50,000/- rupees.
Kishor is the higher limits than Shishu, Under Kishor scheme bank provides loan upto 5 lakhs rupees.
Tarun is the last scheme of Mudra Bank. In that scheme you can get upto 10 lakhs rupees.
MUDRA is operating as a refinancing institution through state/regional level intermediaries. MUDRA’s delivery channel is conceived to be through the route of refinance primarily to NBFCs / MFIs, besides other intermediaries including banks, Primary Lending Institutions, etc.
At the same time, there is a need to develop and expand the delivery channel at the ground level. In this context, there is already in existence, a large number of ‘Last Mile Financiers’ in the form of companies, trusts, societies, associations and other networks which are providing informal finance to small businesses.