<h1>Government Doubles Loan Limit Under PMMY to Boost Small Enterprises, Introduces New Tarun Plus Category for Successful Borrowers.</h1> The Pradhan Mantri Mudra Yojana (PMMY), initiated in 2015, has been instrumental in supporting non-corporate, non-farm small and micro enterprises in India. Recently, the government increased the loan limit from Rs. 10 lakh to Rs. 20 lakh, effective October 2024, and introduced a new category, Tarun Plus, for borrowers who have successfully repaid previous loans. The Credit Guarantee Fund for Micro Units will now cover these enhanced loans. PMMY has significantly contributed to financial inclusion, particularly benefiting women and minority entrepreneurs, by providing crucial funding and fostering economic growth. The MUDRA Card and MUDRA MITRA app further facilitate access to these financial services.