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Pradhan Mantri MUDRA Yojana ( PMMY ) is a scheme launched by the PM on April 8, 2015 for providing loans up to 10 lakh to the non - corporate, non - farm small / micro enterprises . These loans are classified as MUDRA loans under PMMY . These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs .
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