Mudra Scheme

More than 408.2 mn loans amounting to Rs 23.2 trn sanctioned under PMMY

PMMY aims to facilitate easy collateral-free credit of up to Rs 10 lakh to micro-entrepreneurs for income-generating activities

Over 40 cr loans sanctioned under MUDRA scheme in last 8 yrs: Govt

The MUDRA scheme has helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy

Mudra scheme boosting employment opportunities in tourism sector: PM Modi

The Prime Minister stressed on breaking free from the old adage that the water and youth of the mountains are of no use to the mountains themselves

Loans worth Rs 20 trillion disbursed under MUDRA scheme, says PM Modi

Prime Minister Narendra Modi on Thursday said loans worth Rs 20 lakh crore have been disbursed so far under the Centre's MUDRA scheme to provide self-employment opportunities to the youth, and added that Maharashtra was one of its major beneficiaries. In a video message aired during an event here to distribute appointment letters as part of the Maharashtra government's aim to provide employment to 75,000 people, Modi said his government was providing assistance to start-ups and micro industries as well. The Pradhan Mantri MUDRA Yojana (PMMY) scheme was launched by the Modi government in April 2015 to provide loans up to Rs 10 lakh to the non-corporate, non-farm small/micro enterprises. "Youths play an important role in making India a developed country. The Centre has started a programme to provide 10 lakh jobs and on the same lines, the Maharashtra government has launched a scheme to provide employment to 75,000 people. It is a matter of pride that maximum recruitment will be done i

Mudra loans worth Rs 36,578 cr sanctioned to 5.4 mn borrowers in April-May

A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the scheme in seven years since inception

Loans worth Rs 18.60 trn sanctioned to 344 mn borrowers under PMMY in 7 yrs

Marking the seventh anniversary of Mudra scheme, PM Modi tweeted that the scheme has given an opportunity to countless Indians to showcase their entrepreneurial skills and become job creators

At UNSC, India highlights govt initiatives like Mudra to empower women

Highlighting the initiatives taken by the Indian government for women empowerment, India on Tuesday said it offers a unique template for gender-sensitive governance and equal access to education

PM Modi transfers Rs 1,000 crore to self-help groups at UP rally

He released over Rs 20 crore to over 0.1 million beneficiaries of the 'Mukhya Mantri Kanya Sumangala Scheme'

Govt cuts Mudra loans target in FY22, rules out fresh PSB merger proposal

Mudra scheme target set at Rs 3 trillion for FY22 as against Rs 3.21 trillion sanctioned in FY21

Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme

According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY

New credit guarantee scheme will help India Inc revive, expand: CEOs

Say stimulus measures will spur economic activity, especially in construction and infra sector

Worries as NPAs under Mudra scheme rise to 5% for public sector banks

The NPAs of public sector banks (PSBs) under the Mudra scheme stood at 4.9 per cent in 2019-20 - a big jump from 3.7 per cent in 2018-19 and 3.4 per cent in 2017-18

NBFC industry body writes to FM to include individuals under ECLGS scheme

Says more than 75% of customers take loans in their individual names as they do not have any business establishment or partnerships and are compelled to conduct their businesses in individual names

ECLGS: NBFC body seeks addition to list of individuals seeking assistance

FIDC said the assistance to eligible individual borrowers under ECLGS is just limited to loans given under MUDRA scheme

Govt approves 2% interest subvention scheme for small Mudra borrowers

Benefit will be applicable for 12 months to all loan accounts under 'Sishu' category of Mudra scheme, provided they have not been classified as NPA as of March 31, 2020

Cooperative banks to be supervised by RBI; govt to bring an ordinance

All govt banks, including urban and multi-state cooperative banks will be brought under the supervisory powers of the RBI

Decade in review: How state-owned banks rose to the occasion amid crisis

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis

SFBs slow in MUDRA credit offtake in Odisha, extend just 2% of total loans

Have disbursed just Rs 135 cr out of a total assistance of Rd 6,492 cr; Private sector lenders eclipse all banks

Trinamool MP demands rollback of Mudra scheme, cites rising NPAs

The Mudra Yojana was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services

Nearly 3% of Rs 6 trn loans sanctioned under Mudra scheme turned bad: Govt

Prime Minister Narendra Modi launched the PMMY on April 8, 2015, for providing collateral free loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises