Pradhan Mantri Mudra Yojana Current Affairs, GK & News

Pradhan Mantri Mudra Yojana

Pradhan Mantri MUDRA Yojana has come as a boon for MSME (Micro, small and medium Enterprises) sector and is widely hailed as a robust measure to achieve inclusive growth. Objective of the Pradhan Mantri MUDRA Yojana There are a lots of Scheduled castes, scheduled tribes and other backward classes entrepreneurs in the MSME sector. NSSO Survey 2013 suggests ..

Pradhan Mantri Mudra Yojana: 1.12 crore employment generated

The Ministry of Finance recently announced that nearly Rs 15 lakh crores have been sanctioned under Pradhan Mantri MUDRA Yojana (PMMY). What are the achievements of PMMY? More than 28 crore 68 lakh loans have been sanctioned since the launch of Pradhan Mantri MUDRA Yojana. Of the total loans provided, 68% were provided to women ..

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Pradhan Mantri Mudra Yojana

On June 24, 2020, the Union Cabinet under PM Modi approved the scheme for interest subvention of 2% to all Shishu loans under Pradhan Mantri Mudra Yojana (PMMY). Highlights The scheme is to be extended to loans that will meet the following criteria The Outstanding loans as on March 31, 2020 The loans that are ..

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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 ..

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Stressed Asset Fund for MSMEs

The U.K. Sinha committee constituted by the Reserve Bank of India (RBI) to study the problems faced by MSMEs has recommended constituting stressed asset fund for domestic micro, small and medium enterprises (MSMEs) as a relief to small businesses hurt by demonetization, the goods and services tax and an ongoing liquidity crunch. Stressed Asset Fund ..

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Increase in Quantum of MUDRA Bad Loans

An RTI reply has shown a spike in the quantum of bad loans disbursed under the ambitious Pradhan Mantri Mudra Yojana (PMMY). Extracts from the RTI Reply Gross NPAs under MUDRA rose by 68.7 per cent to Rs 16,480.87 crore for the financial year ended March 2019 from Rs 9,769 crore a year ago. When ..

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