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.
The government on Thursday underscored the importance of swift bank account verification for successful implementation of the PM Vishwakarma scheme during the review of the banking preparedness of the newly-launched scheme for supporting traditional artisans and craftspeople.
As per the Ministry of Finance, as of 12/07/2023, 49.49 crore accounts were opened under the scheme holding deposits worth Rs 2,00,958 crore.
Pradhan Mantri Mudra Yojana (PMMY) stands for social justice in action and embodies the true spirit of ‘Sabka Saath, Sabka Vikas’, as envisioned by the Hon’ble Prime Minister, Union Finance Minister Nirmala Sitaram said today on the seventh-anniversary celebrations of PMMY scheme in the capital.
Pradhan Mantri Mudra Yojana (PMMY) has been one of the flagship initiatives of the Government to promote entrepreneurship spirit among the youth by providing easy loans without guarantees.
The Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, for providing loans upto 10 lakh to the…
