The central government is running a variety of schemes for the people of the country. One of these schemes is the Pradhan Mantri Mudra Yojana, which can prove to be a major help to the people. Launched in 2015, this scheme has now completed 11 years and has given millions of people the opportunity to start employment. The most special feature of this scheme is that it allows loans without guarantee and without a prior credit record.

Four main categories of loan
The government has divided this scheme into four categories, so that people of every level can get loan easily.
Shishu Category
In this, loan up to Rs 50,000 is available. This is for those people who want to start a completely new business.
Kishor Category
In this, loan of Rs 50,000 to Rs 5 lakh is given. This is for those people who have already started a business and need money to expand it.
Tarun Category
In this, loan of Rs 5 lakh to Rs 10 lakh is available. This is for expanding the growing business.
Tarun Plus
This is a new category, in which loan of Rs 10 lakh to Rs 20 lakh is available.

Who benefits?
Small shopkeepers, artisans, service sector workers, such as salons, repair shops, vegetable vendors, truck or auto owners, etc. can benefit from this scheme. The biggest benefit is that there's no need to provide any guarantee for the loan.

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