Fri, Aug 16, 2024
NITI Aayog proposes new guidelines for assessing creditworthiness and background verification under the Pradhan Mantri Mudra Yojana (PMMY) in its latest report. The recommendations include E-KYC authentication to enhance loan underwriting, a reward mechanism for banks, and a real-time beneficiary data portal. The report highlights the doubling of credit disbursements to MSMEs and calls for improved risk management to address rising NPAs.
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Fri, Sep 23, 2022
Asked about the rupee hitting a record low against the US dollar, Sitharaman said the government looks at every aspect of the economy. "Be it inflation, exchange rate...We are looking at everything," the minister said.
Tue, Jul 19, 2022
A borrower can go to any of the branches of the banks and apply for the loan. A borrower can also apply online by visiting udyamimitra.in
Fri, Apr 08, 2022
More than 34.42 crore beneficiaries have received Rs 18.60 lakh crore loan under the Pradhan Mantri Mudra Yojana (PMMY) since its launch seven years ago, the Finance Ministry said on Friday.
Mon, Aug 16, 2021
Pradhan Mantri Mudra Yojana was launched to fund the unfunded. Under PMMY, Punjab National Bank (PNB) provides financial assistance upto Rs 10 lakh to non-farm enterprises for manufacturing, trading and services activities, for income generation purpose.
Thu, Jul 22, 2021
Mudra Loan is disbursed under Pradhan Mantri MUDRA Yojana (PMMY) scheme and a financial assistance of Rs 10 lakh is provided to its benfeciaries
Wed, Feb 12, 2020
Pradhan Mantri MUDRA Yojana (PMMY) scheme was launched by Prime Minister Narendra Modi on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY.
Sat, Mar 09, 2019
The total project cost under Pradhan Mantri Mudra Yojana would come around Rs 7.82 lakh. While going ahead, you need to arrange Rs 1.95 lakh on your own and the rest through loans.
Wed, Jun 22, 2016
Besides, loan origination system would be put in place for proper monitoring of the loans, Sinha said.
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