• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Earthquake in Türkiye has no impact on cash transfers from Azerbaijan

February 8, 2023

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023

LeBron James snatches NBA profession scoring file from Kareem Abdul-Jabbar

February 8, 2023
What's Hot

Earthquake in Türkiye has no impact on cash transfers from Azerbaijan

February 8, 2023

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023

LeBron James snatches NBA profession scoring file from Kareem Abdul-Jabbar

February 8, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»Big update on Mudra Yojana, about 15 lakh crore rupees have been distributed so far
NEWS

Big update on Mudra Yojana, about 15 lakh crore rupees have been distributed so far

Bhagyashree SoniBy Bhagyashree SoniApril 7, 2021No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Big update on Mudra Yojana, about 15 lakh crore rupees have been distributed so far
Share
Facebook Twitter LinkedIn Pinterest Email

The average size of each loan under the Pradhan Mantri Mudra Yojana has been Rs 52,000.

4.20 lakh crore PMMY loan approved in 2020-2021

The finance ministry said on Wednesday that banks and financial institutions have sanctioned loans worth Rs 14.96 lakh crore to more than 28.68 crore beneficiaries under the Mudra scheme during the last six years. Prime Minister Narendra Modi launched the Pradhan Mantri Mudra Yojana (PMMY) on 8 April 2015 to encourage entrepreneurship in the country. The Finance Ministry says that it is committed to support the marginalized and economically backward sections of the marginalized and its financial inclusion.

The ministry has said in a statement, “The financial needs of all the associated fables, from new entrepreneurs to hardworking farmers, have been met through various initiatives. An important initiative in this direction was the Pradhan Mantri Mudra Yojana (PMMY). Through this, millions of people have got the opportunity to fulfill their dreams, as well as they have realized the self-respect and independence. The loan was approved and out of this Rs 2.66 lakh crore was allocated.

It states that the average size of each loan has been Rs 52,000. This loan is given for income generating activities in the fields of manufacturing, trade and services. Under this, up to ten lakh rupees of guarantee-free loans are given by the lending institutions.

Also read, to get a pension of 23000 in this pension scheme of LIC, just deposit 3 lakhs, after 10 years they will also return

Also read, submit 2850 rupees in Post Office and will get around 14 lakh rupees after 20 years, know everything about this scheme

(language input)

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023

Azerbaijani residents evacuated from quake-hit Türkiye heading to Georgia

February 8, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Dalmia Cement Wins Prestigious CII CAP 2.0 Award for Pioneering Climate Action Initiatives in India

November 10, 2022

Paddlefish Caviar Heist podcast assessment — when the Russian mafia got here for US fish

October 31, 2022

UK banks warn that debt guidelines jeopardise lending as much as £62bn

October 20, 2022

Good news for those who are home loan, this bank decided to continue the special interest rate, getting the cheapest loan at 6.65%

April 12, 2021
Advertisement
Latest Posts

Earthquake in Türkiye has no impact on cash transfers from Azerbaijan

February 8, 2023

Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO)

February 8, 2023

LeBron James snatches NBA profession scoring file from Kareem Abdul-Jabbar

February 8, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Earthquake in Türkiye has no impact on cash transfers from Azerbaijan February 8, 2023
  • Azerbaijan sends one other rescue crew to Türkiye upon directions of President Ilham Aliyev (PHOTO) February 8, 2023
  • LeBron James snatches NBA profession scoring file from Kareem Abdul-Jabbar February 8, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.