The loan is given primarily for the purpose of employment creation at the grassroots level through formal banking credit channel. Maximum loan amount under the PMMY is upto Rs 10 lakh. Loans up to Rs 50,000 are categorised as 'Shishu', those from Rs 50,001 to Rs 5 lakh are called 'Kishore' and loans from Rs 5.01 lakh to Rs 10 lakh are categorised as 'Tarun'