The Mudra Loan encourages becoming job creator not job seeker and it can be begin from small level.
The credit facilities extended under the Pradhan Mantri Mudra Yojana can be for any type of fund or non-fund based requirements. Hence, borrowers can use the Mudra loan scheme for a variety of purposes. The credit from Mudra loans can be used for term loans and overdraft facilities, or to apply for letters of credit and bank guarantees. It can be availed upto Rs. 10,00,000/-.