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Mudra Loan News

Pradhan Mantri Mudra Yojana 2024: Don’t Miss Benefits, How To Apply, Eligibility

Earlier this month Finance Minister Nirmala Sitharaman during her Budget 2024 speech made a mention of various schemes. The one scheme that captured interest of many is Pradhan Mantri Mudra Yojana. It is important to note here that PM Modi government ...

2,313 Frauds Reported In Mudra Loan Scheme

Instances of fraud were reported in as many as 2,313 Pradhan Mantri Mudra Yojana accounts since the financial year 2016-17, the Parliament was informed on Monday. Over 19 crore loans have been extended under the scheme from the day of its ...

RBI Panel Suggests Doubling Collateral-Free Loan Limit To 20 Lakhs

The expert committee of the RBI formed for MSMEs has proposed to double the limit for collateral-free loans to Rs. 20 lakhs to MSMEs. A person privy to the development said the loan scheme shall be extended to borrowers under mudra ...

How To Apply For Pradhan Mantri Mudra Yojana Loan Scheme?

The Pradhan Mantri Mudra Yojana (PPMY) was launched with a motive to "fund the unfunded." The scheme enables citizens to avail loans for non-farm activities from Public Sector Banks (PSB), Regional Rural Banks (RRB), Co-operative Banks, Private Banks, Foreign Banks, Micro ...