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Nirmala Sitharaman

Mudra loan limit increase to Rs 20 lakh notified

As announced by Finance Minister Nirmala Sitharaman in the 2024-25 Union Budget, the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs 10 lakh to Rs 20 lakh.

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The recent forecast of high inflation in coming months by the Union Finance Ministry has sent ripples among Indian consumers…