With the help of banks and PMMY MUDRA scheme launched in 2015. People who earlier used to struggle in getting loans can now easily opt one. Pradhan Mantri Mudra Yojna is said to have helped 58 million small business owners in our nation. Through the scheme, the government was able to disburse mon…
Tag: Mudra Bank
Union Budget 2017 provides big boost to textiles sector; Here’s why
Higher fund allocation for labour skilling and end-to-end logistics solutions, including rail and coastal shipping last-mile connectivity, will help the country’s textile industry to achieve the $350-billion target in next few years as set by the union government, industry experts have said. Thou…
Mudra: Rs 1.8 lakh crore to be forked in FY17
Banks are expected to disburse Rs 1.80 lakh crore as loans under Micro Units Development and Refinance Agency (MUDRA) Bank Yojana during the current financial year, MUDRA Bank Chief Executive Jiji Mammen said on July 19. “We started our operations from April 2015. The total target for 2015-16 was…
MUDRA Yojna sluggish, bigger role for MFIs needed: Parliamentary panel
Concerned over sluggish refinancing under the MUDRA Yojna for tiny enterprises, a parliamentary panel has suggested a bigger role for micro-finance institutions (MFIs) while capping their interest rates at “reasonable rates”. As per the report by the Parliamentary Standing Committee p…
FM gives Rs 500 crore to support sc/st, women entrepreneurs
Union Finance Minister Arun Jaitley said the government will partner with Dalit Indian Chamber of Commerce and Industry (DICCI) to set up entrepreneurial hubs for entrepreneurs from the backward classes. Jaitley, presenting the Union Budget for 2016-17, said the government proposes to allocate Rs…
Rs 1 lakh crore disbursed in loans for small businesses | Amit Shah
Narendra Modi government has ensured that more than Rs one lakh crore in loans is disbursed to micro units and enterprises in just one financial year, BJP President Amit Shah on February 1 said as he termed it as a big “success” in providing self employment to people. Addressing a gat…
Mudra Bank refinances Rs 1,500 crore to SMEs
Mudra Bank, which has been set up to provide credit to micro units, has refinanced Rs 1,500 crore under the Pradhan Mantri Mudra Yojana. “In the first nine months of inception, Mudra Bank has so far refinanced Rs 1,500 crore to micro units through public sector banks,” Mudra Bank CEO …
Exclusive | UAM, Funding & Skill Initiatives to be key drivers of MSME growth | MSME Minister Kalraj Mishra
Prime Minister Narendra Modi has decided to pursue inclusive growth with renewed vigor in the New Year so that India shines for all especially those living in six lakh villages. The key to success of this initiative is promotion of MSMEs across India in view of its huge potential for job creation…
FISME raises MSME financing issue with RBI
A delegation of Federation of Indian Micro and Small & Medium Enterprises (FISME) led by Chairman, Banking and Finance Committee, Neeraj Kedia met Executive Director of Reserve Bank of India (RBI) U.S. Paliwal in Mumbai recently and highlighted rising MSME concerns about the fall out of fault…
Pradhan Mantri Mudra Yojana | Loans worth Rs 45,949 crore disbursed to MSMEs
The government has provided loans worth Rs 45,949 crore to micro and small enterprises till November 2015 end under the Prime Minister Mudra Yojana launched by Narendra Modi in April 2015. The scheme was first proposed by Finance Minister Arun Jaitely in 2015 Union Budget to create a Micro Units…