NIFTY 50 22,892.55 Down stock -52.75 (-0.23%)
NIFTY 100 23,318.60 Down stock -12.80 (-0.05%)
NIFTY 500 20,675.30 up stock 63.90 (0.31%)
NIFTY MIDCAP 50 14,098.10 up stock 101.35 (0.72%)
INDIA VIX 15.52 Down stock -0.15 (-0.95%)
NIFTY MIDCAP 150 18,561.00 up stock 185.15 (1.01%)
NIFTY SMALLCAP 50 7,478.90 up stock 132.90 (1.81%)
NIFTY BANK 49,393.55 up stock 306.25 (0.62%)
NIFTY AUTO 21,745.35 Down stock -73.55 (-0.34%)
NIFTY FMCG 52,308.10 Down stock -172.40 (-0.33%)
NIFTY IT 40,856.10 Down stock -608.25 (-1.47%)
NIFTY MEDIA 1,489.10 up stock 16.45 (1.12%)
NIFTY METAL 8,324.65 up stock 69.05 (0.84%)
NIFTY PHARMA 20,761.45 Down stock -207.75 (-0.99%)
NIFTY PRIVATE BANK 24,686.80 up stock 186.20 (0.76%)
NIFTY REALTY 844.10 up stock 12.05 (1.45%)
NIFTY OIL & GAS 10,025.00 up stock 52.95 (0.53%)
NIFTY COMMODITIES 7,815.30 up stock 33.45 (0.43%)
NIFTY ENERGY 31,120.50 up stock 271.45 (0.88%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,892.55 Down stock -52.75 (-0.23%)
NIFTY 100 23,318.60 Down stock -12.80 (-0.05%)
NIFTY 500 20,675.30 up stock 63.90 (0.31%)
NIFTY MIDCAP 50 14,098.10 up stock 101.35 (0.72%)
INDIA VIX 15.52 Down stock -0.15 (-0.95%)
NIFTY MIDCAP 150 18,561.00 up stock 185.15 (1.01%)
NIFTY SMALLCAP 50 7,478.90 up stock 132.90 (1.81%)
NIFTY BANK 49,393.55 up stock 306.25 (0.62%)
NIFTY AUTO 21,745.35 Down stock -73.55 (-0.34%)
NIFTY FMCG 52,308.10 Down stock -172.40 (-0.33%)
NIFTY IT 40,856.10 Down stock -608.25 (-1.47%)
NIFTY MEDIA 1,489.10 up stock 16.45 (1.12%)
NIFTY METAL 8,324.65 up stock 69.05 (0.84%)
NIFTY PHARMA 20,761.45 Down stock -207.75 (-0.99%)
NIFTY PRIVATE BANK 24,686.80 up stock 186.20 (0.76%)
NIFTY REALTY 844.10 up stock 12.05 (1.45%)
NIFTY OIL & GAS 10,025.00 up stock 52.95 (0.53%)
NIFTY COMMODITIES 7,815.30 up stock 33.45 (0.43%)
NIFTY ENERGY 31,120.50 up stock 271.45 (0.88%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 11:52 IST, January 26th 2025

Pradhan Mantri MUDRA Yojana Enhances Loan Cap - Details Here

MyGovIndia posted, "Pradhan Mantri MUDRA Yojana has sanctioned over 51 crore loans worth Rs 32 lakh crore+, supporting women (68%) and SC/ST/OBC entrepreneurs."

Reported by: Business Desk
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PM Mudra Yojana Ups Loan Cap
PM Mudra Yojana Ups Loan Cap | Image: R Business

MyGovIndia posted on X that Pradhan Mantri MUDRA Yojana has increased its loan limit from Rs 10 Lakh to Rs 20 Lakh. The post also said that it is a positive move towards the government's goal of promoting financial inclusion.

PM MUDRA Yojana Ups Loan Limit

MyGovIndia posted on X, "Pradhan Mantri MUDRA Yojana has sanctioned over 51 crore loans worth Rs 32 lakh crore+, supporting women (68%) and SC/ST/OBC entrepreneurs (50%)

With an increased loan limit of ₹20 lakh, this initiative continues to boost entrepreneurship and financial inclusion across India."

What Is PM MUDRA Yojana

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Prime Minister on April 8, 2015 for providing loans up to 20 lakh to the non-corporate, non-farm small/micro enterprises. The loan is for those entrepreneurs who have availed and successfully repaid previous loans under the ‘Tarun’ category.

These loans are classified as MUDRA loans under PMMY. Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs give these loans. 

The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . 

Under the aegis of PMMY, MUDRA has created four products namely 'Shishu', 'Kishore', 'Tarun', and 'TarunPlus' to signify the stage of growth/development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/growth.

 

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Published 08:41 IST, January 26th 2025