Key Points
The preferred business sectors include trading, manufacturing, and services, and loans must be used for non-farm related business operations...
Reasonably High Loan Amount: The PMMY scheme gives a business company up to Rs 10 lakhs..
The loan's conditions are set up to promote the expansion of MSMEs, startups, and small businesses..
The highest loan amount is Rs 10 lakhs, which is a respectable amount to cover a small unit's needs...
For their daily business needs, Mudra loan borrowers utilise Mudra Cards, which are comparable to debit cards..
