What is in news : Central government has set loans disbursement target under PM Mudra Yojana (PMMY) at Rs 3 trillion for financial year 2021-2022.

About PM MUDRA

• Launched in April, 2015. The scheme’s objective is to refinance collateral-free loans given by the lenders to small borrowers.
• Banks and MFIs can draw refinance under the MUDRA Scheme after becoming member-lending institutions of MUDRA.
• Mudra Loans are available for non-agricultural activities upto Rs. 10 lakh and activities allied to agriculture such as Dairy, Poultry, Bee Keeping etc, are also covered.
• Mudra’s unique features include a Mudra Card which permits access to Working Capital through ATMs and Card Machines.