In 2015, the Narender Modi led government has introduced “Pradhan Mantri Mudra Loan Yojana” (PMMY)” for the development of MSME sector in the country. The scheme tended to make the loan an obstacle-free procedure for the growing entrepreneurs who need a helping hand to live a better life. In these three years the scheme has seen many happy faces and successful entrepreneurs. The Yojana is more special and empowered due to its unique features such as ensuring more help to the weaker and deprived section of the society and providing loan and assistance without any collateral security.
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