Under PMMY our Bank extend finance to the micro enterprises which are in the business of manufacturing, trading and service sector in rural, urban & metro areas.
There are three category of loans depending upon the size of the loan amount namely as under:
Shishu:Loan amount upto Rs. 50,000 is classified under this category.
Kishore:Loan amount exceeding Rs. 50,000 and upto Rs. 5.00 Lakhs is classified under this category.
Tarun:Loan amount exceeding Rs. 5.00 Lakhs and upto Rs. 10.00 Lakhs is classified under this category.