March 14, 2025 03:43 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In a setback for Donald Trump, US judge orders federal agencies to rehire fired workers: Report | 'We will thwart conspiracies hatched by Centre': Revanth Reddy on delimitation exercise | Chennai doctor, his wife along with two sons die by suicide due to huge debt: Cops | Amid language debate, Tamil Nadu drops rupee symbol in state budget | Scientist killed in assault by neighbour over parking argument in Mohali | British woman tourist raped in Delhi hotel by man she befriended on social media | Gold smuggling case: Court restrains media from publishing, telecasting defamatory statements against Ranya Rao | Trump warns Putin of 'devastating' financial impacts if Russia blocks Ukraine ceasefire | 'People are going to Russia right now as we speak: Donald Trump on Ukraine war ceasefire talks | Pakistani army claims to have freed all hostages in passenger train siege; 28 personnel killed
Mudra Loans
Photo Courtesy: PIB

Central government increases loan limit under Pradhan Mantri Mudra Yojana (PMMY) to Rs.20 lakh

| @indiablooms | Oct 25, 2024, at 10:29 pm

The Centre on Friday announced the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs. 10 lakh to Rs. 20 lakh.

Union Finance Minister Nirmala Sitharaman had made an announcement on the issue in the Union Budget.

"This increase aspires to further the overall objective of the Mudra Scheme which is Funding the Unfunded," read a government statement.

This enhancement is specifically beneficial to upcoming entrepreneurs facilitating their growth and expansion.

"The move is in alignment with the Governmment’s commitment in fostering a robust entrepreneurial ecosystem," the statement said.       

As per the notification issued in this regard, the new category of Tarun Plus is  for Loans above Rs. 10 lakh and upto Rs. 20 lakh  and would be available to the entrepreneurs who  have availed and successfully repaid previous loans under the Tarun category.

The guarantee coverage of PMMY loans upto Rs. 20 lakh will be provided under the Credit Guarantee Fund for Micro Units (CGFMU).

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm