Pradhan Mantri Mudra Yojana launched in April2015. It aims to enable Micro Finance Institutions(MFIs), Non-Banking financial institutions/Companies (NBFCs), Small Finance Banks, RBRs, Commercial Banks, Cooperative Banks, etc. to provide Low Rate Loans to eligible entities. The Pradhan Mantri Mudra Yojana (PMMY) has three products as per the funding requirements of the Beneficiary or the Entrepreneur. Shishu : covering loans up to 50,000/- Kishor : covering loans above 50,000/- and up to 5lakh Tarun : covering loans above 5 lakh and up to 10 lakh