What are the benefits of PMMY scheme?
- PMMY provides security free loan.
- The borrowers would not be charged with any processing fee, which is ideally 1% or 2%.
- It comes along with a MUDRA Card which can be used for optimum use at times of urgent necessities and also for cash withdrawal.
- It can be used to add the overall revenue of the nation and would result in the inside growth of the economy.