Interest Subvention Scheme for MUDRA - Shishu Loan
On 24th June, 2020, Union Cabinet approved a scheme for interest subvention of 2%for a period of 12 months, to allShishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers.
Need
- The ongoing COVID-19 crisis and the consequent lockdown has led to severe disruption of business for micro and small enterprises which are funded through Shishu Mudra loans.
- Small businesses typically function on thin operating margins, and the current lockdown has had a severe impact on their cash flows, jeopardizing their ability to service their loans.This could lead to default in repayment and have a resultant impact on ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 MSP for Jute
- 2 Tapti Basin Mega Recharge Project
- 3 Kaleshwaram Lift Irrigation Project
- 4 QNB Opens Branch in Gujarat
- 5 National Bank for Financing Infrastructure and Development
- 6 Apparel Export Promotion Council (AEPC)
- 7 International Buyer-Seller Meet 2025
- 8 Land Port
- 9 Financial Fraud Risk Indicator
- 10 India’s Port Sector’s Milestones in FY 2024-25