Mudra Loans Current Affairs, GK & News
MUDRA Loan target reduced to Rs 3 trillion in 2021-22
Central government has set loans disbursement target under PM Mudra Yojana (PMMY) at Rs 3 trillion for financial year 2021-2022. Key Points In the financial year 2020-2021, loan disbursement target was Rs 3.21 trillion. Experts attribute lower target to increased allocation under credit guarantee scheme for small businesses. Out of Rs 3.21 trillion loans sanctioned ..
Month: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Micro finance Institutions (MFIs) • Mudra Loans • Pradhan Mantri MUDRA Yojana (PMMY) • Priority sector lending • Priority Sector Loans
Stand Up India Scheme: Over 81% account holders are women
The Ministry of Finance has launched several schemes in past seven years which comprise of several special provisions that empowers the women. One such scheme is “Stand-up India scheme” under which 81% of the account holders are women. All these schemes have financially empowered the women to lead a better life and fulfil their dreams ..
Month: Current Affairs - March, 2021
Category: Government Schemes Current Affairs
Topics: Ministry of Finance • Mudra Loans • Pradhan Mantri MUDRA Yojana (PMMY) • Stand Up India Scheme • Women Empowerment • women entrepreneurs
Rs 14,690 Crore disbursed under Emergency Credit Line Guarantee Scheme
On June 12, 2020, the Ministry of Finance announced that the public sector banks have so far disbursed Rs 14,690 crores for the MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS). Highlights The credit line of ECLGS is the biggest component of the economic package announced by the Finance Minister under Atma Nirbhar Bharat ..
Month: Current Affairs - June, 2020
Category: Government Schemes Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • COVID-19 • Credit Enhancement Fund • MSME • Mudra Loans • nirmala sitaraman
Rs 20,000 lakh crore of Atma Nirbhar Bharat Abhiyan: Second Tranche Announced
On May 14, 2020, the Finance Minister Nirmala Sitaraman announced the second tranche of the Rs 20,000 lakh crore economic package under Atma Nirbhar Bharat Abhiyan. Highlights The second tranche of the economic package focuses on migrant workers, small traders, street vendors, self-employed. The second part of the scheme is to be implemented in nine ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • CAMPA Fund • Housing • Kisan Credit Card Scheme • Labour Code • Mudra Loans • NABARD • One Nation One Card • PMAY • Shishu
RBI raises concerns over bad loans from Mudra Yojana
The Reserve Bank of India on November 27, 2019 raised concerns over increasing bad loans from the Pradhan Mantri Mudra Yojana. RBI believes that there is an urgent need to monitor the loans sanctioned under Mudra Yojana. Concerns According to RBI, the percentage of MUDRA loans were at 2.52% in 2017-18, It has now raised ..
Month: Current Affairs - November, 2019
Topics: Bad Loans • Cooperative Banks • Mudra Loans • NBFC • Non Performing Assets (NPA) • Pradhan Mantri Mudra Yojana • RBI • Shishu