evidence: Home / Finance / Personal Finance / PM MUDRA Yojana: How to get a collateral-free loan with this Scheme PM MUDRA Yojana: How to get a collateral-free loan with this Scheme [...] Pradhan Mantri MUDRA Yojana (PMMY) was launched in April 2015 with the aim to facilitate easy and collateral-free micro credit of up to Rs 10,00,000 for non-corporate, non-farm small and micro entrepreneurs. Loans under PMMY are provided by member lending institutions (MLIs): Banks, non-banking financial companies (NBFCs), micro finance institutions (MFIs) and other financial intermediaries.