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Tuesday, October 27, 2020



Nirmala Sitharaman announces 2% interest subvention for MUDRA-Shishu loans

May 14, 2020 6:43 pm

The minister said that "total relief will be worth Rs 1,500 crore," and added that this interest subvention is going to benefit over 3 crore people. Separately, she announced an extension of Credit Linked Subsidy Scheme (CLSS) for housing sector up to March 2021.

Express daily briefing: Women get more Mudra jobs than men; Police chargesheet drops murder charge against 11 accused in Tabrez killing

September 10, 2019 9:42 am

From Jharkhand Police dropping the murder charge in their chargesheet filed against 11 accused in Tabrez lynching case, to US President Donald Trump Monday saying that ties between India and Pakistan were “less heated” now, here's all that is making news today.

MUDRA bad loans rise in FY19, even as NPAs decline across banking system

June 24, 2019 7:04 am

MUDRA NPAs work out to 5.28 per cent of the total disbursements of Rs 311,811 crore as of March 2019, when compared to 3.96 per cent of total disbursements of Rs 246,437 crore in the previous year, as per MUDRA’s figures.

Even Mudra job survey data put in deep freeze

March 14, 2019 9:30 am

“The number of jobs created under the Mudra scheme will be released after the polls as the Expert Committee found anomalies in the methodology used by the Bureau in arriving at the findings,” sources said.

As sanctions increase, Mudra loan NPAs nearly double during 2017-18

January 02, 2019 7:14 am

Interest rate on these loans ranges from 8-12 per cent. Apart from PSBs, private banks, micro-finance institutions and other member lending institutions also grant Mudra loans.

Across the Aisle: Jobs- The make or break issue

September 02, 2018 12:05 am

The reality is that a loan of Rs 47,268 is not sufficient to create a job. That amount may be enough to buy some tools or furniture or install an air conditioner or a refrigerator. It may be used as additional working capital. By no stretch of imagination will Rs 47,268 create an additional job.

Piyush Goyal to inaugurate Mudra Loan camp in Varanasi on Wednesday

September 25, 2017 6:19 pm

Insurance companies will also set up stalls at the camp to motivate citizens to enrol in social security insurance schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY).

Disbursed refinance funds under MUDRA at Rs 1,364 cr till Feb 1st week

May 11, 2016 4:39 am

Modi launched the scheme — are being branded as PMMY (or Pradhan Mantri MUDRA Yojana) loans.

MUDRA benefits yet to reach 'last mile borrower': CAIT

May 09, 2016 9:59 am

CAIT said the scheme could be a game changer for the economy but it appears that invisible forces have again come on its way.

MUDRA not to regulate micro finance institutions: Govt

January 18, 2016 8:13 am

The proposed Bank will also oversee the Rs 3,000 crore Credit Guarantee Fund that the government has approved last week to facilitate the MUDRA scheme.


Prudence lay in adhering to fiscal targets: Arun Jaitley

February 29, 2016 4:47 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley while presenting the Union Budget 2016-17 said they were confronted with stress assets problem in public sector banks. He said that public money should reach the poor and deserving without any leakage. A bill on targeted delivery of financial services using Aadhar is also to be introduced. Jaitley also said that prudence lied in adhering to fiscal targets. He also increased allocation of Rs 1, 80,000 crores under PM MUDRA Yojana. He further added that fiscal deficit for fiscal 2016-17 have been targeted at 3.5 percent. Revenue deficit estimate for Financial Year 2015-16 has been down to 2.5 percent from earlier estimates.