After Corona, lakhs of people lost their jobs, now they are trying to start their own business. But due to lack of funds they are unable to do it . But the PM mudra scheme will help them by providing funds for their business.
In the Budget 2024, Micro, Small, and Medium Enterprises (MSMEs) will now be able avail loans of up to Rs 20 lakh instead of the current Rs 10 lakh under the Mudra scheme, finance minister Nirmala Sitharaman said on Tuesday. This is also applicable to those who have successfully repaid loans previously taken under the Tarun category.
The government has extended 43 crore loans aggregating to ₹22.5 lakh crore under the PM Mudra Yojana, Finance Minister Nirmala Sitharaman said.