Pradhan Mantri Mudra Yojana (PMMY) disbursements are benefiting financially weaker regions more, improving financial inclusion in underdeveloped states, according to a report by SBI Research.
Nagaraju said that significant progress has been made in expanding social security and deepening financial inclusion in the country through various flagship schemes of the Government, and further urged the Public Sector and Private Sector Banks to dedicatedly work towards bringing more and m
As announced in the Union Budget for 2024-25 in July, the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from the current Rs 10 lakh to Rs 20 lakh.
The objective of Pradhan Mantri Mudra Yojana (PMMY) is to provide access to institutional finance to new or existing micro unit/ enterprise up to Rs. 10 lakh.
"Modi's guarantee is with those who have nothing to give any guarantee. Small-scale farmers had nothing to give guarantees to banks (for loans). Modi has given him PM Kissan Samman Nidhi's guarantee. Poor, Dalits, backward people had nothing to give guarantee to banks. Modi started the Mu
"In Kerala, I had the privilege of interacting with beneficiaries of the Ujwala scheme, Mudra Yojana and other schemes, and I think the message is clear that this is a unique scheme where people don't have to go to the government, but the government comes to the people."
According to SBI Research, MUDRA has created an indelible print on India's rising micro, small and medium enterprises' (MSME) prowess through relentless promoting by a wide array of MLIs which are scheduled commercial banks (SCBs), non-banking finance companies (NBFCs), regional rural banks
The Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, by Prime Minister Narendra Modi with an aim to facilitate easy collateral-free micro-credit of up to Rs 10 lakh to non-corporate, non-farm small and micro-entrepreneurs.
New Delhi [India], January 17 (ANI/GPRC): Nearly a decade ago, India had less than 750 startups that showed the way and inspired budding entrepreneurs to take a giant leap of faith and launch their own ventures. Today, with over 84,000 Department for Promotion of Industry and Internal Trade