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    <title>Pradhan Mantri Mudra Yojana (PMMY) crosses the target of 1.8 lakh crore for 2016-17</title>
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    <description>Pradhan Mantri Mudra Yojana exceeded its annual lending objective for 2016-17 with sanctions slightly above target, disbursed by both banks and non bank lenders to over four crore borrowers-predominantly women and with notable representation from disadvantaged social groups. The Scheme offers collateral free small loans for non agricultural and allied activities, featuring simple documentation, quick processing and a Mudra Card for working capital access, and focuses on first time borrowers, convergence with other government schemes and meeting credit needs of trained individuals.</description>
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