September 08, 2021 7:10 am
Under the Pradhan Mantri Mudra Yojana (PMMY), banks provide collateral-free loans up to Rs 10 lakh to non-farm small/micro enterprises for income generating activities.
June 29, 2021 8:23 am
PMMY or Mudra loans are given as business loans to vendors, traders and shopkeepers to boost income generation and create employment. It is also given as working capital loan through Mudra cards and for equipment financing for micro units.
March 08, 2021 3:47 pm
Government programmes to expand space for women in entrepreneurship should be backed by all stakeholders.
January 01, 2021 3:20 am
According to officials of the Gujarat Chamber of Commerce and Industry (GCCI), despite the green shoots in the Indian economy, a number of small enterprises in Gujarat were still facing liquidity issues and are finding it difficult to repay loans.
December 04, 2019 5:19 am
Even as NPAs continue to rise under Mudra, public sector banks continued with their loan disbursal programmes.
November 29, 2019 12:23 am
Sharp rise in bad loans under Mudra is cause for concern. RBI should step in to examine extent of fallout.
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.
June 09, 2019 10:35 am
According to the latest report published by the State Level Bankers’ Committee (SLBC) in Gujarat, in just three months — between December 2018 and March 2019 — the NPAs under the central government loan scheme for promoting small and micro enterprises crossed Rs 516 crore in in 99,541 “stressed” accounts.
April 12, 2019 3:40 am
The sharp surge in Mudra loans, meant for micro and small entrepreneurs, comes in the backdrop of ongoing general elections. Government sources said banks typically step up lending under the scheme towards the end of the year.
May 29, 2018 11:50 am
PM Modi speaks to Mudra Yojana beneficiaries: During the interaction, which began at 9.30 am, the Prime Minister said the scheme has helped empower people, create jobs and remove the middleman.